The South Korean Financial Services Commission (FSC) has received a request from 47 asset management companies to launch the Fund Online Korea platform after a joint investment worth KRW22bn ($20m). The FSC said it will evaluate the request as soon as possible, with approval for the platform expected by the end of March. The FSC has also said that it is working on improving commission and pay systems to encourage long-term fund investors. If approved, almost all publicly offered funds includin