According to sources familiar with the matter, South Korea is drawing up regulatory rules prohibiting investment banks that have not obtained a domestic securities license from South Korea from arranging the issuance of overseas bonds by Korean issuers. According to documents seen by the media, South Korea's Ministry of Planning and Finance has solicited industry opinions on the new regulations from the Korea Financial Investment Association, which distributed a survey questionnaire last week. The Ministry of Planning and Finance stated that the government aims to investigate regulatory gaps in unlicensed investment banks doing business in the country and bring regulations in line with international standards. People familiar with the matter added that South Korea's regulators are concerned that the current rules are unfair to fully licensed institutions: licensed institutions need to bear local operating costs, while unlicensed foreign-funded institutions are not required to bear them. According to the data, the amount of overseas bonds issued by Korean issuers surged 31% year-on-year to 65.6 billion US dollars this year.

According to sources familiar with the matter, South Korea is drawing up regulatory rules prohibiting investment banks that have not obtained a domestic securities license from South Korea from arranging the issuance of overseas bonds by Korean issuers. According to documents seen by the media, South Korea's Ministry of Planning and Finance has solicited industry opinions on the new regulations from the Korea Financial Investment Association, which distributed a survey questionnaire last week. The Ministry of Planning and Finance stated that the government aims to investigate regulatory gaps in unlicensed investment banks doing business in the country and bring regulations in line with international standards. People familiar with the matter added that South Korea's regulators are concerned that the current rules are unfair to fully licensed institutions: licensed institutions need to bear local operating costs, while unlicensed foreign-funded institutions are not required to bear them. According to the data, the amount of overseas bonds issued by Korean issuers surged 31% year-on-year to 65.6 billion US dollars this year.