Korea: Foreign banks obligated to release financial information
Bank of Korea
Seoul - Yonhap
South Korea's financial watchdog said Sunday it will have foreign banks operating here to disclose their financial data, including balance sheets and income statements, starting in the fourth quarter of 2014.
The Financial Supervisory Service (FSS) said all financial firms will be ordered to make public their financial status on the Financial Statistics Information System (FISIS), a financial data website operated by the watchdog since 2004.
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