SEOUL, May 9 (Xinhua) -- South Korea plans to allow hedge funds next year to provide more investment opportunities and promote the development of financial techniques, said a South Korean official on Friday.
"We are now looking at introducing hedge funds in 2009 after drawing up details in the first half," Jun Kwang-woo, chairman of the Financial Services Commission, told a business conference here.
South Korea's capital market is expected to face a shakeup next year as a new law on capital market deregulation goes into effect in February 2009.
Jun said South Korea will come up with strong safeguard measures for investor protection and stability in the financial markets.
He added that South Korea will push to allow more state-owned companies to list their shares on the Seoul bourse in an effort to provide a wide range of investment opportunities.
