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South Korea revises regulations to allow homegrown hedge funds

Thursday, June 16, 2011
South Korea said on it would revise capital market regulations to allow homegrown hedge funds, betting the move would grow its financial industry, improve market liquidity and encourage funds into new business areas.

The revision comes after the country's capital markets consolidation act, which came into effect two years ago during the global financial crisis, was criticised for failing to help nurture global financial players from the Asia's fourth-largest economy.

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