Seoul financial hub held back by excessive regulations
Seoul financial hub held back by excessive regulations
Seoul - Yonhap
South Korea's decade-long effort to become a regional financial hub has been held back by excessive regulations and oversight not found in other markets, a report by the lobbying group for large businesses said Tuesday.
The Federation of Korean Industries (FKI) report, based on input from 15 large and medium-sized foreign financial firms operating in the country, list complaints that largely berate inconsistencies, focus on irrelevant details and excessive regulatory filings.
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