A stock ticker at Hana Bank headquarters in central Seoul, Friday, shows the benchmark KOSPI closing at 7,847.71, up 0.41 percent from the previous session, and the secondary bourse Kosdaq closing at 1161.13, up 4.99 percent.
Yonhap The Korean government is moving to allow foreign investors to directly trade exchange-traded funds (ETFs) and exchange-traded notes (ETNs) through omnibus accounts, expanding market access beyond individual stocks as authorities seek to attract more foreign capital into the local market.
According to financial authorities, Sunday, the Financial Services Commission (FSC) is seeking revisions to regulations on financial investment business to allow foreign investors to directly invest in locally listed ETFs and plans to issue a prior notice in June.
The proposed revision would expand the scope of assets tradable through foreign omnibus accounts — currently limited to stocks — to include ETFs and ETNs.
The omnibus account system allows foreign investors to trade Korean equities directly through overseas brokerages, without the need to open separate accounts with local securities firms.
