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Mr. William A. Ryback, Former Deputy Chief Executive of Hong Kong Monetary Authority, to Join the Financial Supervisory Service

    Mr. William A. Ryback, Former Deputy Chief Executive of Hong Kong Monetary Authority, to Join the Financial Supervisory Service

    August 30, 2007
  • The Financial Supervisory Service announced on August 30 the appointment of Mr. William A. Ryback, the former Deputy Chief Executive of Hong Kong Monetary Authority (HKMA), as Special Advisor to the FSS to help improve financial market regulation and foster global standards. The FSS expects Mr. Ryback to play an active role as well in helping the FSS strengthen its supervisory networks and cooperation with foreign regulators and international regulatory organizations.

  

Regulatory Amendment Planned for Carbon Funds

    Regulatory Amendment Planned for Carbon Funds

    August 27, 2007
  • Financial Supervisory Commission and the Financial Supervisory Service announced that regulatory amendment is planned in September for the introduction of carbon funds.

  

FSC to Step up Support for Korea Exchange's Bid for U.S. CFTC Contract Market Designation for KOSPI200 Futures Market

    FSC to Step up Support for Korea Exchange's Bid for U.S. CFTC Contract Market Designation for KOSPI200 Futures Market

    August 24, 2007
  • The Financial Supervisory Commission announced on August 22 that it will step up support for Korea Exchange’s application for Designated Contract Market (DCM) for KOSPI200 futures market from the U.S. Commodity Futures Trading Commission (CFTC).

  

Chairman/Governor Kim Yong-Duk Takes Office at Financial Supervisory Commission and Financial Supervisory Service

    Chairman/Governor Kim Yong-Duk Takes Office at Financial Supervisory Commission and Financial Supervisory Service

    August 07, 2007
  • The Financial Supervisory Commission and the Financial Supervisory Service announced that Mr. Kim Yong-Duk took office as the sixth Chairman and Governor of the Financial Supervisory Commission and the Financial Supervisory Service on August 6. Chairman/Governor Kim succeeds Mr. Yoon Jeung-Hyun, whose three-year term ended on August 3. Mr. Kim served as Economic Advisor to the President before assuming his new position.

  

FSC/FSS to Host Second Asian Forum of Insurance Regulators in Seoul

    FSC/FSS to Host Second Asian Forum of Insurance Regulators in Seoul

    June 22, 2007
  • The Financial Supervisory Commission and the Financial Supervisory Service will host the Second Asian Forum of Insurance Regulators (AFIR) in Seoul on June 27, 2007. AFIR is a gathering of insurance regulators from across Asia to promote regional dialogue and cooperation on insurance supervision and facilitate sound development of insurance markets throughout Asia.

  

Bank BIS Capital Ratios, March, 2007, and Implementation of Basel II Capital Accord

    Bank BIS Capital Ratios, March, 2007, and Implementation of Basel II Capital Accord

    June 14, 2007
  • Bank BIS capital ratios as of the end of March, 2007, came to 12.99%, up from 12.75% at end-2006. With bank net income totaling KRW6.6 trillion for the first three months of 2007, bank capital increased 5.0% or KRW5.9 trillion while risk-weighted assets grew 3.0%. Tier-1 capital rose 7.4% or KRW6.3 trillion, but tier-2 capital experienced a modest drop of 1.0% or KRW300 billion. The capital ratio jumped for 12 banks but fell for six others during the January-March period.

  

Chairman/Governor Yoon Jeung-Hyun to Hold Roundtable Meeting in London and Deliver Keynote Speech at IIF Spring Membership Meeting in Athens

    Chairman/Governor Yoon Jeung-Hyun to Hold Roundtable Meeting in London and Deliver Keynote Speech at IIF Spring Membership Meeting in Athens

    05 25, 2007
  • Chairman/Governor Yoon Jeung-Hyun of Financial Supervisory Commission and Financial Supervisory Service is scheduled to travel to Basel, London, and Athens from May 24 to June 3 to meet with high-level regulators, hold a roundtable meeting with senior executives of global financial firms, and deliver the keynote speech at the Spring Membership Meeting of the Institute of International Finance (IIF).

  

New Electronic Foreign Investor Registration Service to Begin June 1

    New Electronic Foreign Investor Registration Service to Begin June 1

    05 17, 2007
  • The Financial Supervisory Service announced that a new electronic registration service that processes foreign investors’ registration applications and issues registration certificates electronically will begin June 1, 2007.

  

IIF-FSC/FSS Strategic Dialogue on Effective Regulation

    IIF-FSC/FSS Strategic Dialogue on Effective Regulation

    05 11, 2007
  • The Financial Supervisory Commission/Financial Supervisory Service jointly hosted with the Washington DC-based Institute of International Finance (IIF) Asia’s first “Strategic Dialogue on Effective Regulation” on May 10, 2007. The meeting was held in Seoul and attended by senior regulators from ten regulatory authorities and central banks in the Asia/Pacific region and executives and representatives from global financial services firms that are active in the region.

  

Bank BIS Capital Ratios, 2006

    Bank BIS Capital Ratios, 2006

    April 05, 2007
  • Bank BIS capital ratios at the end of 2006 averaged 12.75%, slightly down from 12.95% at end-2005.