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South Korea Rejects KOSDAQ Policy Announcement Rumors Ahead of Nov. 13 Talks

The Financial Services Commission’s denial concerns a claimed announcement; the planned meeting is described as a discussion of corporate-value measures and KOSDAQ support.

Updated 1 min read
Commuters pass the Korea Exchange in Seoul's Yeouido financial district. / EconoTimes.ai
Commuters pass the Korea Exchange in Seoul's Yeouido financial district. / EconoTimes.ai

South Korea’s Financial Services Commission (FSC) said claims of a Friday, Nov. 13, KOSDAQ policy announcement were false; officials are still due to discuss the market’s support that day.

The government meeting is for policy discussion; the FSC denied that new measures would be announced Friday.

In its Nov. 12 notice, the FSC said online claims that additional KOSDAQ measures would be announced Friday were entirely false. The notice addressed an announcement, while the session’s stated purpose is discussion. The meeting is scheduled for Friday, Nov. 13.

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