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Samsung Securities enters commercial paper business after 9 years, gets final FSC approval

Samsung Securities will enter the commercial paper business after nine years after South Korea\'s Financial Services Commission gave final approval. The company first applied in 2017 but failed repeatedly due to issues including major shareholder eligibility and possible sanctions. Its review was halted again last year amid potential penalties linked to regulators’ inspections. With sanctions set at an “institutional warning” in July, the review resumed. The number of licensed issuers rises to eight.