• Policy Issues

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  • FSC Proposes Additional AML Duties for VASPs The FSC announced a revision proposal to the Enforcement Decree of the Act on Reporting and Using Specified Financial Transaction Information on June 17. The revisions are intended to impose additional AML requirements on VASPs and clarify implementation details about the customer due diligence (CDD) and suspicious transaction report (STR) requirements. The proposal will be put up for public notice from June 17 to July 27 before moving on to further legislative steps. 2021.06.17
  • Digital Platform Markets of ASEAN and India: Implications for Cooperation with Korea The growth of digital platform markets in ASEAN and India is prominent. With COVID-19, demands for economic and social activities centered on digital platforms are expected to rise further especially five sectors (e-commerce, sharing economy, education, healthcare and fintech) are fast growing seectors. Korean is a potential partner of ASEAN countries and India. 2021.06.16

• Publications

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  • Industrial Complexes to open their doors to more businesses The Korean government is lifting restrictions to the types of businesses that are authorized to enter industrial complexes, opening them to all businesses in principle. 2020.05.14
  • Korean government to promote medical supplies manufacturing industry Due to the COVID19 pandemic, the health and medical treatment industry is the center of interest to investors. Nations are under fierce competition to secure essential medical supplies such as masks or respirators. 2020.05.12

Recent Events

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  The 48th Commerce and Industry Day Ceremony
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  The KCCI Townhall Meeting
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  Extraordinary General chairman meeting of the KCCI