The Korean Financial Supervisory Commission has published it 2009 report to the President.
The report can be found at: http://www.fsc.go.kr/eng/
The Commission noted many needed steps to stregthen Korea’s economy including:
- Extending loans to SMEs
- Supplying most loans in the first half of 2009
- Allowing Conglomerate Privity Equity Funds to Purchase other companies
- Allowing Conglomerates, that register as a holding companies, to own controlling interests in financial companies
- Privatize the Korean Develpment Bank
- Extension of maturity date of home loans for low and medium income workers with declining home values
The most significant issue to be recommended by the Commission is allowing holding companies to purchase controlling interests in financial institutions.
- Korean Franchisors’ Obligations in Korea to File Annual Report to Korean FTC
- Part-time Worker Annual Paid Leave Obligations under the Korean Labor Standards Act
- Short Selling at the Korea Stock Exchange Permitted – Don’t Forget the Disclosure Requirements
- Bye Bye Uber in Korea?
- English-language Patent Filing System in Korea Approved by Supreme Court
- Restructuring of Korean SMEs a Potential Lucrative Business in Korea