Capital controls should be considered in future May 28, 2010 Korea is considering measures to regulate capital flows as part of a broader international effort, the head of the Financial Supervisory Service said yesterday. Kim Jong-chang, the FSS governor, told foreign correspondents at the Bankers Club in Jung District, central Seoul, that “we are mulling whether to impose regulations on the inflows and outflows of foreign capital.” Government officials have been raising the issue of capital controls in recent weeks in reaction to the global financial turmoil resulting from the European sovereign debt crisis, which has caused massive selling by...