English < Article List - DigitalToday

Search results for External Audit Act

Finance

Korea to scrap cap on rewards for reporting stock manipulation and accounting fraud

South Korea will abolish the ceiling on rewards paid to people who report stock manipulation and accounting fraud, raising incentives to report major unfair-trading cases. The Financial Services Commission said amendments to enforcement decrees under the Capital Markets Act and the External Audit Act were approved by the cabinet. Rewards will be simplified and paid up to 30 percent of illicit gains or penalties. The rules also expand eligibility, allow partial advance payments and strengthen information-sharing among agencies.

Finance

Government steps up capital market reform to curb conglomerate spin-off listings

The government unveiled measures to improve the capital market, including tougher regulation of dual listings and disclosure of low price-to-book companies. President Lee Jae-myung announced the steps at a meeting on March 18 aimed at addressing the chronic undervaluation of South Korean shares known as the \"Korea discount.\" The plan would tighten exchange screening for subsidiary listings, strengthen parent board responsibilities and publicly list low PBR firms, with related rule changes targeted for June 2026.