FSS chief outlines Korean market reforms at London investor briefing

  • Lee Chan-jin presented Korean capital-market reforms at a London investment briefing.
  • Twenty-two companies attended, including seven global investment banks and 15 asset managers.
  • Lee met UK regulators on September 7, 8 and 9 about supervision and investor protection.

Lee Chan-jin, head of the Financial Supervisory Service (FSS), presented South Korea’s plans to strengthen investor confidence and attract more overseas capital at a September 8 investment briefing in London. The event, organized with Seoul City and four financial companies, drew 22 firms, including seven major global investment banks and 15 asset managers. The FSS plans to respond strictly to market-disrupting activity, encourage undervalued companies to improve their value, and improve funding conditions for innovative and new-growth businesses. Proposed measures include revising KOSDAQ entry and exit criteria, segmenting the market, expanding large investment banks’ venture-capital supply, and adjusting financial-company capital rules to direct funding toward productive sectors. Lee also outlined shorter settlement cycles, longer trading hours and tokenized securities infrastructure (systems for digitally representing securities) to reduce barriers for foreign investors, alongside efforts to internationalize the Korean won. During meetings with UK regulators, the FSS discussed pension supervision and consumer protection with the Financial Conduct Authority, bank and insurance prudential rules, digital operational risks and virtual assets with the Prudential Regulation Authority, and accounting-fraud oversight and digital supervision with the Financial Reporting Council.

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