Korea's Financial Service Commission: Strengthened Penalties on Unfair Trading Activities in Capital Markets Take Effect from January 19. FSC can now impose penalties up to twice the amount of unfairly gained profits.
The Financial Services Commission announced that the revised Financial Investment Services and Capital Markets Act (FSCMA) and its subordinate statutes will go into effect on January 19. The revision deals with (a) introducing a penalty surcharge system on unfair trading activities, (b) legislating a method for calculating the amount of