Press

Home>Press>Press Release

Search

FSC Approves Kakao's Holding of 34% Stake in KakaoBank

    FSC Approves Kakao's Holding of 34% Stake in KakaoBank

    July 24, 2019
  • The FSC approved a resolution at its regular meeting on July 24, 2019 that allows Kakao to hold a 34% stake in KakaoBank.


  

FSC Chairman's Remarks on Financial Market Conditions amid Concerns over Japan's Export Curbs

    FSC Chairman's Remarks on Financial Market Conditions amid Concerns over Japan's Export Curbs

    July 18, 2019
  • Amid rising concerns over the possible effect of Japan's export curbs on Korea's financial market, FSC Chairman Choi Jong-ku briefed the press on recent financial market conditions.


  

Special Judicial Police launched for Investigation of Unfair Trading Activities in Capital Markets

    Special Judicial Police launched for Investigation of Unfair Trading Activities in Capital Markets

    July 18, 2019
  • A special judicial police squad for investigation of unfair trading activities in capital markets was launched on July 18, 2019.


  

FSC to Resume Procedures to Approve Additional Digital Banks in Korea

    FSC to Resume Procedures to Approve Additional Digital Banks in Korea

    July 17, 2019
  • The FSC announced its plan to resume a new round of procedures for granting preliminary approval for additional digital banks in Korea.


  

FSC to Ease Listing Rules for Tech Start-ups & Scale-ups

    FSC to Ease Listing Rules for Tech Start-ups & Scale-ups

    June 26, 2019
  • The FSC approved amendment proposals by the KRX to ease listing regulations on Kospi and Kosdaq to facilitate IPOs of innovative tech start-ups and scale-ups.

  

FSC Identifies D-SIBs for 2020

    FSC Identifies D-SIBs for 2020

    June 26, 2019
  • The FSC identified five bank holding companies as domestic systemically important bank holding companies, and their subsidiary banks as domestic systemically important banks (D-SIBs) for 2020.


  

Fifth Batch of Financial Service Providers Designated as 'Innovative Financial Services' for FSC's Regulatory Sandbox

    Fifth Batch of Financial Service Providers Designated as 'Innovative Financial Services' for FSC's Regulatory Sandbox

    June 26, 2019
  • The FSC designated additional five financial service providers as 'innovative financial services' to be accepted into financial regulatory sandbox.


  

FSC to Overhaul Authorization Scheme for Financial Investment Business

    FSC to Overhaul Authorization Scheme for Financial Investment Business

    June 25, 2019
  • The FSC plans to overhaul the current authorization scheme for financial investment business in order to bring fresh competition and boost vitality in capital markets.


  

Government to Complete Privatization of Woori Financial Group by 2022

    Government to Complete Privatization of Woori Financial Group by 2022

    June 25, 2019
  • The FSC announced its plan to sell the remaining 18.3% stake in Woori Financial Group (WFG), owned by the Korea Deposit Insurance Corporation (KDIC), from 2020 to 2022.


  

Electronic Securities System to be Introduced

    Electronic Securities System to be Introduced

    June 18, 2019
  • Securities certificates of listed stocks and bonds will be issued electronically only, not in physical form, starting from September 16, 2019.