S Korea – FSC Foreign Major Shareholders

S Korea – FSC Foreign Major Shareholders

On 25 August 2022, SK FSC proposed revisions re foreign major shareholders.

  • SK FSC proposed amendments to regulations on financial investment business, to allow foreign shareholders to justify penalty history, reduce impact on credit rating.


  • Permitted controlling foreign corporate shareholders, as is with domestic substantial shareholders, to add extenuating circumstances for their historical penalty record.


  • Comments on the public consultation should be received by 14 September 2022.