An auspicious debut

Risk Korea conference


With a major capital markets consolidation law due to come into force in February - dubbed the equivalent of the US' Glass-Steagall Act - and rising foreign interest in gaining a foothold in the domestic derivatives market, the financial sector in South Korea is on the verge of a major shake-up.

Moreover, optimism is relatively high in a country whose banks appear even more insulated from the subprime mortgage crisis than those elsewhere in Asia, and where the benchmark Kospi stock index is

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