S Korean financial industry urged to make mprovement

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SEOUL, June 21 (Xinhua): South Korean official said South Korea's financial industry needs major improvements if it is to compete on a global scale, the JoongAng Daily reported today.
In order for Korea to leap forward into being a great market, a big bang in the financial industry will be required, said Yoon Jeung-hyun, the chairman of the Financial Supervisory Commission, at the Korean Economic Forum in Seoul yesterday.
"We will intensify our efforts for deregulation, promotion of transparency and predictability as well as strengthening of market discipline," Yoon said.