Korea sets enforcement focus on offshore perpetuals distribution

South Korea’s Financial Services Commission plans to refer illegal domestic activity by offshore perpetuals platforms to investigators. Its 16 October notice highlights referral codes and commissions used to solicit Korean residents.[1]

The notice describes leverage of 10–200 times, including contracts linked to Korean stock indices.[1]

Authorities will also monitor products linked to Korean equities and their effects on domestic trading, and request cooperation from offshore operators to prevent violations. For distributors, the stated focus reaches customer acquisition as well as the trading venue.[1]

Any domestic framework remains under consideration. The FSC plans to weigh market effects, investor protection and international developments before deciding.[1]

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