South Korean 10,000 won note is seen on U.S. 100 dollar notes in this picture illustration taken in Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji/File Photo
SEOUL (Reuters) - Collusion, price-fixing and disseminating false news in the foreign exchange market will be punishable by criminal law in South Korea for the first time starting later this year as the government toughens up regulation.
In enforcement regulations set out in an amendment on foreign exchange trading laws issued on Wednesday, the finance ministry said a person found guilty of disturbing order in foreign exchange trading for personal profit could be fined up to 500 million won ($438,000) or face up to five years in prison.
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