Yoon Suk-yeol, the presidential election candidate of South Korea's main opposition People Power Party , and Lee Jae-myung, the presidential election candidate of the ruling Democratic Party, attend a ceremony for the first trading day of stock market at the Korea Exchange in Seoul, South Korea, on Jan 3, 2022.
The regulator said it would scrap a three-decade-old rule that requires foreigners to register with authorities prior to trading South Korean stocks. It will also lift a rule that requires omnibus account holders, such as asset management firms and brokerages, to report on transaction details of each final investor within two days of settlement, as well as open up most of off-board trading to foreigners.
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