Banking Authorities to Ramp Up Local Financial Market

Write : 2017-11-13 15:02:18 Update : 2017-11-13 17:46:41

Banking Authorities to Ramp Up Local Financial Market

Authorities will introduce new measures to ramp up the domestic financial market. 
 
A top financial sector advisory committee held a meeting on Monday and proposed various ways to encourage private investment into local stocks.
 
These include tax benefits for those that invest in the tech heavy KOSDAQ, developing a new benchmark index as well as creating a ten-trillion won fund for innovative ventures.
 
The Financial Services Commission will consult various stakeholders and relevant bodies before releasing a final plan by the end of the year.

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