 |
[Alpha Biz=(Chicago) Reporter Kim Jisun] Kim So-young, vice chairman of the Financial Services Commission, hinted that she would push for a full resumption of public sales in the mid- to long-term ahead of her business trip to Hong Kong's IR next month.
Asked whether it will fully resume the public sale at a press conference held at the Seoul Government Complex in Jongno-gu, Seoul on the 17th, Vice Chairman Kim replied, "It will resume in the mid- to long-term," adding, "We will judge the timing by looking at the market situation."
Ahead of Hong Kong's IR attendance early next month, he made a favorable statement to attract foreign investment. Hong Kong IR events do not involve private financial companies. Recalling the revision of the Capital Markets Act, which allows fines of up to twice the amount of unfair profits for illegal short-selling activities, Vice Chairman Kim stressed that he will continue his stern stance in the second half of the year.
"What we are worried about is private investment worth KRW 3.1 trillion," Vice Chairman Kim said when asked about how to cope with poor overseas real estate investment. "Individuals are quite dispersed in the maturity of their invested public funds, which is unlikely to expand to the overall crisis, but investors may suffer losses."
"The government will continue and actively pursue related policies with the determination to solve chronic problems in our capital market and lead significant changes that people can feel," said Vice Chairman Kim.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
