trending Market Intelligence /marketintelligence/en/news-insights/trending/Y30qVUSoYvr8NHnnz6jfcg2 content esgSubNav
In This List

South Korea to introduce tougher punishments for disclosure violations

Blog

Banking Essentials Newsletter: October Edition

Blog

Banking Essentials Newsletter: September Edition, Part - 2

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


South Korea to introduce tougher punishments for disclosure violations

South Korea's financial regulator will impose tougher punishments on financial holding companies that violate disclosure rules, Yonhap News Agency reported Aug. 8, citing a statement from the regulator.

The Financial Services Commission said it will increase fines on companies for false disclosures of accounting books and other business reports, effective Oct. 19.

Meanwhile, another revised rule will allow the commission to take action against retired officers of financial holding companies for their past managerial lapses, the report added.