Korea Should be Cautious on Tobin Tax, Bank Levies, FSC Kim Says

South Korea needs to be cautious in adopting so-called Tobin tax on financial transactions and increasing bank levies as it’s time for the nation to encourage more capital inflow from overseas, the Financial Services Commission Chairman Kim Seok Dong said at a parliamentary audit today.

To contact the reporter on this story: Seonjin Cha in Seoul at scha2@bloomberg.net

To contact the editor responsible for this story: Shinhye Kang at skang24@bloomberg.net

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