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Fitch Ratings' Stress Test

    Fitch Ratings' Stress Test

    March 13, 2009
  • A summary of Fitch Ratings' stress test on Korean banks and the government's stance.

    * Please read the attached file for details.


  

Preemptive Initiatives to Safeguard the Soundness of Financial Instituitions

    Preemptive Initiatives to Safeguard the Soundness of Financial Instituitions

    March 13, 2009
  • The government unveils additional preemptive initiatives to support all financial institutions, both banking and non-banking, against potential market detrioration...

    *Please read the attached file for details.


  

FSC Article Published in AWSJ

    FSC Article Published in AWSJ

    March 06, 2009
  • The Vice Chairman, Dr. Rhee Changyoung, has contributed an article to the Wall Street Journal, published on March 6 in the Editorial & Opinion section, clarifying some inaccurate media coverage on Korea's current financial market conditions...

    * Please read the attached file for details.


  

Restructuring of Shipping Companies

    Restructuring of Shipping Companies

    March 05, 2009
  • In order to shore up Korea's flagging shipping industry, due to its deteriorating business environments, the government announces restructuring plans to help contain increasing insolvency in the shipping industry and to revamp the industry so as to strengthen its competitiveness in the global market...

    *Please read the attached file for details.


  

Corrections for The Economist Article

    Corrections for The Economist Article

    February 27, 2009
  • The Ministry of Strategy and Finance and the Financial Services Commission issue the following explanations to correct factual errors and questionable assertions made in the article titled "Domino theory" published by 'The Economist' on February 26, 2009.

    *Please read the attached file for details.

  

Korean Banking sector

    Korean Banking sector

    February 27, 2009
  • The FSC would like to clarify the difference between current figures of Korean banks' external debts and borrowings in foreign currencies reported by the Bank of Korea.

    *Please read the attached file for details.

  

Bank Recapitalization Fund Formation and Operation

    Bank Recapitalization Fund Formation and Operation

    February 25, 2009
  • The specific plans to launch and operate the Bank Recapitalization Fund have been announced for the purpose of enabling banks to take upon the leading role in shoring up real economic sectors and the on-going restructuring programs...

    *Please read the attached file for details.

  

Remodeling Currency Futures Products Market

    Remodeling Currency Futures Products Market

    February 24, 2009
  • In response to increasing demand for Currency Futures Products (CFPs) for hedging purpose, especially by corporate international traders, the Financial Services Commission and Korea Exchange (KRX) have decided to push ahead with "remodeling" the currency futures market...

    *Please read the attached file for details.

  

Corporate Restructuring Strategic Directions

    Corporate Restructuring Strategic Directions

    February 19, 2009
  • Amid the global financial crisis in an effort to prevent financial defaults in financial markets, the Korean government has decided to pursue quick and effective restructuring measures....
    *Please read the attached file for details.


  

Reverse Mortgage Loan Stimulus Initiatives

    Reverse Mortgage Loan Stimulus Initiatives

    February 18, 2009
  • *Please read the attached file for details.