S. Korea finalizes details on hedge funds

South Korea's financial watchdog has finalized details about qualifications to manage hedge funds.

South Korea is pushing to introduce hedge funds as they could meet a variety of investment demands by placing bets on a range of derivative products.

The Financial Services Commission announced that that retail investors should put at least 500 million won or US$458,700 into hedge funds if they are qualified. That sum was lower than the 1 billion won initially discussed.

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