The Korea Times
The Korean government is moving to allow foreign investors to directly trade exchange-traded funds (ETFs) and exchange-traded notes (ETNs) through omnibus accounts, expanding market access beyond individual stocks as authorities seek to attract more foreign capital into the local market. According to financial authorities, Sunday, the Financial Services Commission (FSC) is seeking revisions to regulations on financial investment business to allow foreign investors to directly invest in locally listed ETFs and plans to issue a prior notice in June. The proposed revision would expand the scope of assets tradable through foreign omnibus accounts — currently limited to stocks — to include ETFs and ETNs. The omnibus account system allows foreign investors to trade Korean equities directly through overseas brokerages, without the need to open separate accounts with local securities firms. The move follows remarks by FSC Chairman Lee Eog-weon during a press conference on Thursday. "There are growing requests from foreign retail investors who want to invest in Korean stocks, but the instituti
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