Korea's financial watchdog to get Beijing office

South Korea's top financial watchdog will open an office in Beijing by January next year, the Financial Supervisory Service (FSS) said Wednesday 8 December.

"We have signed a memorandum of understanding with the Chinese central bank and regulators there to set up the office," said Choi Myung-hee, the chief of international cooperation department at the FSS said, adding that the official opening ceremony will be held in January.

"As many South Korean companies are moving to China, we have also d