The government opts to allow a tax shelter to run its course through until the end of 2009.
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The Bank of Korea and the Ministry of Finance and Economy could end this month a tax shelter on locally domiciled international equity funds not due to expire till the end of 2009.
KoreaÆs funds association is trying to ensure an upcoming presidential decree on financial services reform will not damage its interests.
Rationalising KoreaÆs myriad regulations on asset management will help providers with scale or niche expertise.
Banks selling Fidelity's equity funds clean up.