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.
