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Improvements to Korea’s asset management regulation

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  • Improvements to Korea’s asset management regulation
  • Kim, Jongmin
  • Korea Capital Market Institute


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Title Improvements to Korea’s asset management regulation
Similar Titles
Material Type Reports
Author(English)

Kim, Jongmin

Publisher

[Seoul]:Korea Capital Market Institute

Date 2014-11
Series Title; No Capital Market Opinion
Pages 6
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Holding KCMI

Abstract

The US, EU, and UK all use a dual regulatory regime for privately and publicly placed funds, but Korea’s fund regulatory regime focuses on publicly placed funds, meaning more stringent regulation than other nations. Also problematic are the discrepancies in the regulations governing privately placed funds. Considering the innate nature of asset management and regulatory gaps with other nations, Korea needs to introduce a dual regime to regulate the asset management industry. The Korean government recently announced plans to reform the asset management industry regulation, and the contents are regarded as forward-looking and a shift in the right direction. Hence, it is expected that Korea’s regulatory regime for the asset management industry will transform into a dual system, and that the regulatory gaps with other nations will be somewhat resolved. The recent move should be used as an opportunity to continue improving the asset management industry regulation.