Investing in South Korean stocks to get easier for foreigners in 2023: Regulator

Yoon Suk-yeol, the presidential election candidate of South Korea's main opposition People Power Party , and Lee Jae-myung, the presidential election candidate of the ruling Democratic Party, attend a ceremony for the first trading day of stock market at the Korea Exchange in Seoul, South Korea, on Jan 3, 2022.

The regulator said it would scrap a three-decade-old rule that requires foreigners to register with authorities prior to trading South Korean stocks. It will also lift a rule that requires omnibus account holders, such as asset management firms and brokerages, to report on transaction details of each final investor within two days of settlement, as well as open up most of off-board trading to foreigners.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investing in South Korean stocks to get easier for foreigners in 2023 - regulatorSEOUL : South Korea plans to scrap a number of regulations in the local stock market within this year to make investment easier for foreign investors, its financial regulator said on Tuesday, in an effort to bring in more money into the market.The Financial Services Commission said in a statement there wa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »