At a recent seminar, the financial watchdog outlined proposals including presenting potential losses upfront and using comparison tables to highlight products with varying risk levels.
The South Korean financial authorities are promoting the revamp of sales practices for high-risk products like equity-linked securities (ELS), including prioritising present potential loss-related information in product descriptions, as part of their latest efforts to strengthen consumer protection. In a seminar held by the Financial Supervisory Service on Thursday (26 February), Seung-joo Choi, an economics professor at Seoul National University, pointed out that it is difficult for consumers