derivatives Archives | Be Korea-savvy
Watchdog Recommends Highest Level of Compensation over Derivative Misselling Fiasco

Watchdog Recommends Highest Level of Compensation over Derivative Misselling Fiasco

SEOUL, Dec. 5 (Korea Bizwire) — South Korea’s financial watchdog said Thursday that two local banks should provide compensation for up to 80 percent of their customers’ losses from a recent misselling of derivatives linked to overseas interest rates. The arbitration committee of the Financial Supervisory Service recommended the compensation rate of 40-80 percent to [...]

Regulator Unveils Measures to Bolster Investor Protection over Risky Assets

Regulator Unveils Measures to Bolster Investor Protection over Risky Assets

SEOUL, Nov. 14 (Korea Bizwire) – South Korea’s financial regulator on Thursday unveiled a raft of measures to better protect consumers in the wake of improper sales of derivatives linked to overseas interest rates that carry the risk of losing nearly all the money invested in them. Under the measures, banks will be banned from [...]

Hundreds of Suspected Cases Discovered of Improperly Sold Rates-tied Derivatives

Hundreds of Suspected Cases Discovered of Improperly Sold Rates-tied Derivatives

SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s financial regulator said Tuesday it has discovered 790 suspected cases of improper sales of derivatives linked to overseas interest rates that carry the risk of losing nearly all the money invested in them. Announcing an interim outcome for its 40-day probe into banks and brokerages that sold [...]

S. Korea to Expand Capital Gains Tax on All Equity-linked Derivatives

S. Korea to Expand Capital Gains Tax on All Equity-linked Derivatives

SEJONG, Jan. 7 (Korea Bizwire) — South Korea said Monday that it will impose a 10 percent tax on profits from trading all stock index-related derivatives in the latest move to revise the country’s tax code. The revision — set to take effect in April — covers the KOSDAQ 150 Futures, KOSDAQ 150 Options and [...]