Arab Today, arab today south korea financial regulator vows to lift red tape
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

South Korea Financial regulator vows to lift red tape

Arab Today, arab today

Arab Today, arab today 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 "We will remove even invisible barriers and outdated practices in the financial sector that hamper players' activities," Financial Services Commission chairman Shin Je-yoon said in a meeting with heads of banks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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