The action is expected to be "light," two of the
sources said, usually meaning a simple caution or a warning that
limits the forming of new subsidiaries for up to three years.
The Financial Supervisory Service had reviewed
three brokerages, including Goldman, earlier this year for
possible breach of domestic capital markets regulations.
Regulators had focused their review on whether
Goldman's sale of Malaysian state-backed securities to domestic
investors had followed domestic capital markets regulations,
such as requiring the sales to be transacted through a local
unit licensed to sell products in South Korea.
The action must be approved, with a final
decision expected by the end of the year at the earliest, said
the sources with direct knowledge of the matter.
A Seoul-based Goldman Sachs spokesman declined
to comment. A spokesman for the regulator declined to comment on
an ongoing matter.
[© 2013 Thomson Reuters. All
by Joyce Lee and Chang-ho Lee; Editing by Michael Urquhart)
Copyright 2013 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.