Regulatory straitjacket?

South Korea introduced a raft of new legislation with the aim of helping make Seoul a world-class financial centre prior to the financial crisis. But the events of 2007–08 proved a game changer as regulators grappled with the damage wreaked by kikos and other problems. Subsequent new rules have created significant barriers to entry and may be thwarting the country’s international ambitions. Harry Thompson reports

korea

In the good times before the global financial crisis, Korea appeared to be a ‘model student’ of the International Monetary Fund. To build on this, it was making noises about opening up its capital markets to international competition. The government’s stated aim for some time has been to turn Seoul into an international financial hub or, at the very least, a regional one. And the authorities have introduced several pieces of significant new regulation during the past two years to help this

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here