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Corporate Restructuring - Results of Economic Policy Meeting

    Corporate Restructuring - Results of Economic Policy Meeting

    April 30, 2009
  • The following is a statement the Financial Services Commission and the Financial Supervisory Service issued at the conclusion of an economic policy meeting the President convened on April 30 for discussions on corporate restructuring. In the meeting, a comprehensive package of measures and steps were discussed and agreed for implementation to increase the speed and effectiveness of the corporate restructuring efforts.

    *Please read the attached file for details.


  

Restructuring Plans for the Shipping Industry

    Restructuring Plans for the Shipping Industry

    April 23, 2009
  • The government unveiled the detailed measures to restructure the shipping industry so as to prevent its further deterioration and to strengthen its global competitiveness...

    *Please read the attached file for details.


  

  

Progress in Credit Gurantee to SMEs

    Progress in Credit Gurantee to SMEs

    April 09, 2009
  • Encouraged by the initiatives to boost credit guarantees and roll-overs the total loan amount extended to small-, medium-, and micro-enterprises, SMEs hereafter, has been steadily increasing despite the economic recession ...

    *Please read the attached file for details.


  

Promotion of Government Bond ETFs

    Promotion of Government Bond ETFs

    April 09, 2009
  • As a follow up step to the Financial Investment Services & Capital Markets Act launched in February this year, the Financial Services Commission has issued an initiative to promote Exchange Trade Funds, or ETFs, by allowing a broader scope of investment...

    *Please read the attached file for details.


  

Pre-Workout Program

    Pre-Workout Program

    April 08, 2009
  • Starting on April 13 for a limited duration of one year, the CCRS and creditor institutions will run a "Pre-Workout Program" in support of individual borrowers who are delinquent for a short term between one and three months...

    *Please read the attached file for details.


  

The Bank Recapitalization Fund - 1st Round Purchase

    The Bank Recapitalization Fund - 1st Round Purchase

    March 31, 2009
  • The Bank Recapitalization Fund Oversight Committee announced that the first round of bond purchase was completed in the amount of KRW3.956 trillion with 8 banks...

    *Please read the attached file for details.


  

Reinforced Monitoring of Financial Institutions’ PF Loans

    Reinforced Monitoring of Financial Institutions’ PF Loans

    March 30, 2009
  • To address the concerns about potential distress related to PF loans in the construction industry, the FSC/FSS has been implementing the reinforced monitoring of savings banks' PF loans which had been deemed risky.

    *Please read the attached file for details.


  

Results of the 2nd Round of Credit Risk Assessment on Constructors and Shipbuilders

    Results of the 2nd Round of Credit Risk Assessment on Constructors and Shipbuilders

    March 27, 2009
  • Main creditor banks of construction and shipbuilding companies identified 20 additional companies for corporate workout after completing a second round of credit risk assessment.

    *Please read the attached file for details.


  

Bank Recapitalization Fund's Execution Blueprint

    Bank Recapitalization Fund's Execution Blueprint

    March 20, 2009
  • The Bank Recapitalization Fund Oversight Committee has unveiled its third blueprint as to the basic guidelines for the first round of purchasing banks' hybrid bonds and subordinate bonds scheduled at the end of March...


    *Please read the attached file for details.


  

FSC Meets the Press and Investors in London

    FSC Meets the Press and Investors in London

    March 18, 2009
  • Headed by the Vice Chairman, Dr. Rhee Chang Yong, the FSC delegates met with representatives from major press and financial institutions in London on Friday, March 13, 2009...


    *Please read the attached file for details.