FSC Chairman had a meeting with CEOs of commercial banks on April 13 to set out a new approach to corporate restructuring.
*Please read the attached file for details.
'K bank', Korea's 1st internet-only bank is officially launched on April 3 for service.
*Please read the attached file for details
FSC Chairman Yim Jong-yong convened an emergency meeting on Sunday, March 12 with top officials from the Financial Supervisory Service(FSS) and other relevant financial institutions to monitor market effects and discuss policy responses after the Constitutional Court’s decision on last Friday to uphold the parliamentary vote to impeach the country’s President.
* Please read the attached file for details.
The FSC outlined its financial policy direction for 2017, focused on (i) prompt and thorough response to financial market risks; (ii) financial support for stabilization of household livelihood; and (iii) financial reforms and innovation to revitalize the economy.