Korea seeks to ease rules on private equity funds

04-Feb-2010 Intellasia | Dow Jones | 7:01 AM Print This Post

The Financial Services Commission said Wednesday it’s seeking to ease rules on private-equity funds to attract more investors in South Korea and from abroad.

Local regulations on the establishment and operations of private-equity funds are complicated and more strict than those of foreign countries, the financial regulator said in a statement.

“We have hired private research institutes and commissioned a study that will end in April on revising the rules to make them more in line with global standards,” the FSC said.

Korea’s private-equity funds account for about 34 percent of the total local funding value of KRW306.6 trillion ($266 billion), it said.

The study also includes creating local regulations on hedge funds in line with global moves to tighten rules on risky funds, it said.

 


Category: Korea

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