• SK FSC, SK FSS issued press release saying they are planning to improve the competitiveness of publicly offered funds, with focus on 9 specific areas to reduce transaction costs, enhance product marketability, improve transaction convenience.

Summary

• Institutional improvements involve increasing credibility, accountability for fund managers, sellers, related businesses; will introduce new seller remuneration system.
• Asset managers' accountability will be bolstered, requiring more regular evaluations of alternative investment assets and accurate advertising of ETF fees.
• Fund accounting and administration companies and ratings companies will need to submit business reports and establish internal controls to ensure credibility.
• publicly offered funds will be allowed to list on the exchange through the financial regulatory sandbox program, reducing costs and enhancing convenience.
• Consideration will be given to revising the Financial investment services and capital markets act (FSCMA) to permanently allow exchange-traded publicly offered funds.
• Diversification of ETF products, especially in REIT ETFs, is planned; regulatory infrastructure upgrades will facilitate fintech services, online beneficiaries' meetings.
• There will be stricter responses to illegal naked short selling activities, development of a computerized short selling system, pursuit of measures to ensure market fairness.