South Korea to introduce new fund sales rules
South Korea to introduce new fund sales rules September 28th, 2008 SEOUL, Sept 28 (Reuters) - South Korea will allow mutualsavings firms and online-based companies to sell investmentfunds from next February, and draw up measures to cut salesfees for long-term investors, a regulator said on Sunday. The Financial Services Commission (FSC) said in a statementthat it will also tighten investor protection rules for fundsellers to teach customers risks from an investment, as well asits commissio