south korea financial regulator vows to lift red tape
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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South Korea Financial regulator vows to lift red tape

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Emiratesvoice, emirates voice South Korea Financial regulator vows to lift red tape

Seoul - Yonhap

South Korea will facilitate competitions among financial companies by removing regulatory hurdles, the chief regulator said Thursday, pledging to abolish up to 10 percent of current restrictions. "We will remove even invisible barriers and outdated practices in the financial sector that hamper players' activities," Financial Services Commission chairman Shin Je-yoon said in a meeting with heads of banks and other financial firms.

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