Watchdog vows seamless efforts for capital market advancement

financial watchdog-financial system advancement

Watchdog vows seamless efforts for capital market advancement

SEOUL, Dec. 30 (Yonhap) -- South Korea's financial watchdog said Monday it will continue its efforts to promote systemic improvements in the financial markets.

The Financial Supervisory Service (FSS) said it has been working to improve regulations and financial systems, corporate governance, financial investment tax and short selling.

Despite increasing political and economic uncertainties, the FSS said it will consistently work to stimulate capital markets, improve the short selling system and raise shareholder value.

The FSS said it will unveil comprehensive guidelines for short selling, which is scheduled to resume in March, and also expand the English filing system.

At the same time, the FSS said it will continue to encourage more companies to join the corporate value-up scheme.

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