Search results for Regulatory Rationalisation Committee
AI & Enterprise
Permit simplification, regulatory easing to lower barrier for AI data center buildout
The government will simplify permitting procedures to spur construction of AI data centres (DCs) and ease regulations related to facilities. It will also 추진 a domestic technology development and demonstration programme worth about 200 billion won in 2027. The Ministry of Science and ICT announced an \"AIDC ecosystem support plan\" at the second Regulatory Rationalisation Committee chaired by the president. Measures include minimising pre-review steps in one-stop permitting, excluding unmanned facilities from building-size calculations and introducing requirements for regional coexistence plans.
Crypto
FSC says approval process for fractional investment OTC exchange was fair, shares operators\' frustration
South Korea’s Financial Services Commission said its preliminary licensing process for a fractional-investment over-the-counter exchange was conducted fairly, while acknowledging the frustration felt by Lucentblock after failing to win approval. During a parliamentary audit, lawmaker Min Byung-deok questioned whether sandbox firms’ results are properly recognised in institutionalisation. The FSC noted the relevant law allows, but does not require, a review panel to be consulted when a firm seeks formal authorisation.
Finance
Securities industry says stability comes first as T+1 settlement shift gains speed
Discussions are accelerating in South Korea on shortening the stock market settlement cycle from T+2 to T+1, but brokerages and related agencies said stable preparations in back-office operations must come first. They cited issues including foreign investor settlement and currency conversion, securities lending, ETF creation and redemption, and system overhauls. Participants also stressed automation and standardisation, warning that inadequate readiness could undermine settlement stability and market trust.
