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Implementation of Basel III Regulations to be Delayed for New Online-only Banks

    Implementation of Basel III Regulations to be Delayed for New Online-only Banks

    05 15, 2019
  • The FSC approved amendments to the relevant regulations on May 15, 2019 to grant two to three years of grace period for the implementation of Basel III regulations for new online-only banks.


  

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

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

    05 15, 2019
  • The FSC designated eight additional financial services as 'innovative financial services' to be accepted into financial regulatory box.


  

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

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

    05 02, 2019
  • The FSC designated nine additional financial services as 'innovative financial services' to be accepted into financial regulatory sandbox.


  

Government Proposes Measures to Improve Corporate Practices of Annual General Meetings

    Government Proposes Measures to Improve Corporate Practices of Annual General Meetings

    April 24, 2019
  • The Financial Services Commission and the Ministry of Justice jointly proposed comprehensive measures to improve corporate practices of annual general meetings in an attempt to encourage the participation and engagement of shareholders.


  

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

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

    April 17, 2019
  • The FSC announced the first batch of financial service providers accepted into its financial regulatory sandbox.


  

Financial Regulatory Sandbox Launched

    Financial Regulatory Sandbox Launched

    April 01, 2019
  • The FSC has officially launched a financial regulatory sandbox today as the Special Act on Financial Innovation Support takes effect on April 1, 2019.


  

FSC Recieved Three Applicants for Preliminary License for Online-only Bank

    FSC Recieved Three Applicants for Preliminary License for Online-only Bank

    March 28, 2019
  • Three applicants - Kiwoom Bank, Toss Bank and Anyband Smart Bank - have submitted their applications for online-only bank license.


  

FSC to Delay Implementation of Basel III for New Online-only Banks

    FSC to Delay Implementation of Basel III for New Online-only Banks

    March 25, 2019
  • The FSC will grant new online-only banks a grace period of two or three years for the implementation of Basel III regulations, scheduled to be fully effective from 2020 for other banks.


  

Financial Policy Plans to Support Innovation-led Growth

    Financial Policy Plans to Support Innovation-led Growth

    March 21, 2019
  • The FSC announced financial policy plans to support Korea's innovation-led economig growth.


  

Financial Policy Roadmap for 2019

    Financial Policy Roadmap for 2019

    March 07, 2019
  • The FSC laid out a financial policy roadmap for 2019 aimed at promoting financial innovation, ensuring trust in finance and securing financial stability.

    *Please read the attached file for details