Anna Jiwon Park has been covering the politics at The Korea Times since the summer of 2024, when she joined the press pool for the Office of the President in Korea. Prior to that, she spent about five years reporting extensively on financial markets, regulatory authorities and the financial industry. She joined The Korea Times in 2019 after spending eight years as a broadcast journalist at Arirang TV, Korea’s leading global broadcaster, covering politics, defense and culture.
FSC to strengthen capital market investigations to eradicate securities crimes
Financial Services Commission (FSC) headquarters in central Seoul / Yonhap
By Anna J. Park
By Anna J. Park
The Financial Services Commission (FSC) aims to strengthen its capital market investigation functions, with the goal of eradicating securities crimes in the country.
The nation's top financial regulator announced Monday that it has newly created two units devoted to capital market investigations, while abolishing one incumbent unit that's been working on investigative tasks.
“With both the number of participants and the size of the local capital market having been broadly expanded, crimes related with securities have become much more complicated. The FSC has realized it needs more than a single unit to address the situation effectively,” the FSC explained as its reason for restructuring and strengthening investigative tasks.
The two new units will take charge of various roles related to capital market investigations, ranging from investigating unfair transactions, false disclosures and the omission of key facts, to the adjustment of investigations and external relations of investigative tasks.
The FSC vowed to root out securities crimes and raise the local capital market's credibility and fairness through the unit restructuring.