Wednesday July 30 2025
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Korean Republic
On 30th July 2025, the Financial Services Commission (FSC), the Financial Supervisory Service (FSS), and the Korea Exchange (KRX) launched a joint response team on stock market manipulation. The joint response team is a collaborative operation of the three organizations set up at the KRX, and it aims to bolster the initial response function of KRX’s market surveillance committee.
With the establishment of a joint response team, the physical, informational, and jurisdictional separation and division previously existing between the three organizations have been effectively removed. The planned introduction of AI technology and upgrading KRX’s market surveillance system to make surveillance more individual-focused rather than account-based will also help the operation of the joint response team.
The financial authorities will seek measures that will help to more quickly force out poorly performing companies from stock markets, because these companies may turn into a source of market abuse in unfair trading activities and hold back the growth of capital markets going forward.
The FSC, the FSS, and the KRX plan to continuously work to ensure a seamless implementation of the strengthened and diversified administrative sanctions mechanisms, seek further advancement and improvements in KRX’s market surveillance system, and pursue regulatory reforms required under the comprehensive plans to stamp out unfair trading activities announced earlier.
Click on the above link for further information