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FSC Issues Prior Notice of Legislative Changes on Short Sale Regulations
The Financial Services Commission issued a prior notice of legislative changes regarding short sale regulations as a follow-up to the previously revised Financial Investment Services and Capital Markets Act (FSCMA) promulgated on October 22. The rule changes being proposed today address specific details that need to be stipulated under the revised FSCMA, which are expected to take effect from March 31, 2025 as follows—(a) limiting the stock borrowing period for institutional investors, (b) introducing measures to prevent naked short sale through establishment of electronic net short position balance management system, internal control standards, and the securities companies¡¯ verification duties, and (c) restricting short sellers from acquiring CBs (convertible bonds) and BWs (bonds with warrants) issued by the same company.
2024.11.28
Rule Changes on Corporate Mergers and Acquisitions Approved by the Government
The Financial Services Commission announced that a revision bill for the Enforcement Decree of the Financial Investment Services and Capital Markets Act (FSCMA) intended to upgrade rules on corporate mergers and acquisitions (M&As) was approved by the government at the cabinet meeting held on November 19.
2024.11.21
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9th International Trade Committee
¡®Will Trump impose a +10 blanket tariff?¡¯... KCCI International Trade Committee, ¡°We Need To Pay Close Attention To U.S. Agenda¡± - The 9th KCCI International Trade Committee held on November 28th... discussion on the new trade order and crisis response during Donald Trump¡¯s second term - US expert says, ¡°Trump gained ¡®strong authorities and power¡¯ as he takes full control of the White House and Congress... It is expected he has the ability to move quickly on his top priorities - Participants discussed recent trade issues... ¡®information sharing between public-private sectors during negotiations¡¯, ¡®signing Reciprocal Defense Procurement (RDP)¡¯, ¡®diversification of export support system¡¯ - Lee Kye-in, Chair of the KCCI International Trade Committee, ¡°In the midst of heightened global uncertainties... we must overcome challenges and create new opportunities, by utilizing past experience as an asset¡±
2024.12.05
13th Korea-Japan Chamber Summit
- Korea-Japan Chamber Summit held in Osaka, Japan, on November 25th ... 27 Chairmen from regional Chambers of both countries gathered at one place - Promising areas for cooperation such as energy, supply chain, cutting-edge technology and cooperation model between regional chambers were widely discussed - Joint declaration included strengthening cooperation in ¨ç discovering promising areas that bring actual benefit ¨è expanding people-to-people exchange ¨é 2025 APEC CEO Summit
2024.11.28
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