Overview

• A joint task force from the FSC, FSS and KRX will monitor trading in real time and accelerate investigations of suspected misconduct.
• Authorities will freeze payments from accounts linked to illegal trading during investigations to prevent the transfer of illicit profits.
• Violators face fines of up to twice the amount of their unlawful gains and up to five-year bans on trading financial products or serving as corporate executives.
• The one-strike-out system covers unfair practices from price manipulation to illegal short-selling, building on March’s probe that fined 13 foreign banks.
• Regulators plan to shift market surveillance from accounts to individuals—reducing monitored subjects by about 39 percent—and tighten listing criteria to enhance market credibility.