Korea opens up licensing

Harry Thompson
11 Jun 2010

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Korea's Financial Services Commission (FSC) has relaxed its position on the authorisation of new and add-on business approvals for financial investment businesses, a term that applies broadly to financial institutions. The regulator said in a statement that "all new business authorisation applications will be accepted except real estate single-category investment authorisation, considering the current market conditions".

The development represents a step towards the opening out of the market

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