Ringfencing and contract enforceability challenges

Way Yee Bay and Jing Gu
01 Apr 2009

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The Financial Investment Services and Capital Markets Act - Korea's 'big bang' - came into effect on February 4. Its aim is to consolidate the country's various fragmented financial market regulations into one single, comprehensive piece of legislation, effectively regulating all financial investment services in Korea.

Various types of financial services can now be carried out by a single entity known as a financial investment company (FIC), supervised by financial market watchdog, the Financial

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