SEOUL: An anticipated regulatory change in South Korea will bolster growth of the burgeoning private equity industry led by large and reputable fund managers, according to a report.
The revision of the Capital Markets Act, soon to be in effect starting October, aims to separate institutional funds and non-institutional funds. It is largely aimed at protecting non-institutional end-investors of private funds, as a number of misselling scandals had dented the fund industry over the past couple of years.
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