Regulatory Alerts2016-01-14
New Rules Adopted for Securities-Based Crowdfunding
The Financial Services Commission of South Korea adopted amendments to the Enforcement Decree of the Financial Investment Services and Capital Markets Act on January 5, 2016. These amendments establish comprehensive regulatory frameworks for domestic companies issuing and selling securities through crowdfunding platforms. The updated rules align domestic crowdfunding practices with existing capital market regulations, thereby facilitating greater access to funding for businesses while enhancing investor protections.
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