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    FSC Finalizes Measures to Improve Regulatory Framework on Private Equity Funds

    April 27, 2020
  • The FSC and the FSS announced the finalized measures to improve the regulatory framework on private equity funds on April 24.
    * Please refer to the attached PDF for details.


    Extension of Reporting Deadline Available for Companies Affected by COVID-19

    April 27, 2020
  • The financial authorities announced on April 24 their decision to temporarily lift administrative sanctions for companies that are unable to meet the quarterly and semi-annual reporting deadline due to COVID-19 related issues.
    * Please refer to the attached PDF for details.


    Vice Chairman Emphasizes Crucial Role of Financial Institutions in Supporting Key Industries

    April 23, 2020
  • FSC Vice Chairman Sohn Byungdoo held a meeting with officials from banks and financial associations on April 23 and held talks on the government's recently announced measures to temporarily ease financial regulations and to provide additional liquidity to support key industries and help businesses retain jobs.
    * Please refer to the attached PDF for details.


    Government Announces KRW40 Trillion Fund to Support Key Industries

    April 22, 2020
  • The government introduced measures to establish a KRW40 trillion fund to support key industries and help businesses retain jobs on April 22.
    * Please refer to the attached PDF for details.


    Vice Chairman Calls for Enhanced Monitoring of Corporate Bond Markets by FSB

    April 22, 2020
  • FSC Vice Chairman Sohn Byungdoo participated in the Financial Stability Board’s steering committee meeting via conference call on April 21.
    * Please refer to the attached PDF for details.


    FSC Revises Rules to Help Expedite Emergency Relief Payments to Households

    April 21, 2020
  • A revision to the Enforcement Decree of the Specialized Credit Finance Business Act was approved at a cabinet meeting on April 21.

    * Please refer to the attached PDF for details.


    Overall Resilience of Korea's Financial System Observed by IMF's FSAP

    April 21, 2020
  • The International Monetary Fund published the Financial System Stability Assessment for Korea on April 21 in which it observed the overall resilience of Korea’s financial system.
    * Please refer to the attached PDF for details.


    Plans for Temporary Easing of Financial Regulations in Response to COVID-19

    April 20, 2020
  • The financial authorities announced on April 17 a set of temporary deregulatory measures on financial institutions' capital adequacy, liquidity and asset quality requirements to help boost their financing capacity amid the COVID-19 crisis.
    * Please refer to the attached PDF for details.


    Financial Authorities to Temporarily Ease Regulations on Capital and Liquidity Requirements

    April 17, 2020
  • FSC Vice Chairman Sohn Byungdoo held a meeting on April 17 via conference call to check the delivery of the government's COVID-19 emergency support package and financial market stabilization measures.

    * Please refer to the attached PDF for details.


    FATF Report Finds Korea Has Strong Legal Framework for AML/CFT Regime

    April 17, 2020
  • The Financial Action Task Force published the 4th round mutual evaluation report on Korea's anti-money laundering and counter terrorist financing (AML/CFT) regime on April 16.

    * Please refer to the attached PDF for details.