The AMCHAM Special Report: Korea’s Financial Hub Agenda outlines policy recommendations to strengthen Korea’s regulatory competitiveness and support its emergence as a leading global financial hub. It examines where Korea’s regulatory framework diverges from global standards across the banking and securities sectors and highlights key structural themes shaping the country’s financial competitiveness.
Top 10 Regulatory Reform Priorities
- 1.[General] IT Infrastructure – Network Separation
- 2.[General] Update of the Verification Practices under the Real Name Act
- 3.[Banks] Recognition of Head Office Capital
- 4.[Banks] Macro-prudential Stability Levy
- 5.[Banks] Relaxation of Foreign Exchange Position Limits
- 6.[Banks] Increase in Cash Pooling Management Limit
- 7.[Banks] Authorization – Approval of MSB Investment Dealing License
- 8.[Securities] Consistency in the Application of License Requirements
- 9.[Securities] IPO Underwriter Lock-Up and Retention Requirements
- 10.[Securities] Enforcement for Breach of Short Selling Requirements
