South Korean Financial Authorities to Tighten Oversight of Offshore Perpetual Futures Platforms Targeting the Korean Market
South Korean financial authorities plan to increase regulatory scrutiny of offshore perpetual futures (perpetual contract) exchanges that serve the Korean market.
The move targets platforms operating without domestic licenses that nonetheless draw substantial trading volume and capital from Korean retail investors.
The effort is driven by concerns over investor protection, unchecked leverage risk, and capital flowing outside the regulated domestic financial system.