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Financial Firms to be Under Scrutiny over Controversial Derivative Products

Financial Firms to be Under Scrutiny over Controversial Derivative Products

SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s financial regulator said Thursday it will begin inspecting financial firms later this week over sales of controversial derivative products that carry the risk of losing nearly all investment. Choi Jong-ku, chairman of the Financial Services Commission (FSC), told lawmakers that financial authorities will start an inspection into [...]