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Korea looks for Islamic finance avenues

Posted on 26 May 2009

From Ittefaq.com: Korea is a relatively latecomer to Islamic finance in East Asia. But following the stated ambitions of neighboring countries such as Hong Kong and Singapore that are trying to establish themselves as international Islamic capital market hubs, Seoul is similarly trying to promote Korea as the same.

Kim Jong Chang, governor of the Financial Supervisory Service of Korea, the financial services regulator, believes that Islamic finance is a good innovation in the global financial market and stresses that the Korean government is committed to facilitating it in Korea…….Full Article: Source

 
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