Seeking stability

jong-goo-yi-fsc-korea

Asia Risk: What are the main changes in regulation during the past few years that have brought forward the development of the South Korean market? Jong-Goo Yi, commissioner, Financial Services Commission of South Korea: From an institutional design perspective, one of the biggest changes in Korea since the Asian Financial Crisis has been the move towards a consolidated supervisory system in which all financial institutions, including banks, insurance companies, securities companies and other