The Financial Supervisory Commission has amended two important securities regulations. The amendments affect (i) the procedure for calculating the conversion price of some convertible bonds and the exercise price of some bonds with warrants, and (ii) the calculation of the timing requirements for the filing of a substantial shareholding report.
In recent years many Korean companies have listed their shares on foreign stock exchanges. Singapore is geographically and culturally closer to Korea than New York and London. The Singapore Exchange, though smaller in size than Asian competitors such as the Tokyo Stock Exchange, is friendly towards foreign companies and has less stringent listing rules than major stock exchanges.