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Proposals to Stimulate Corporate Pension Plans

    Proposals to Stimulate Corporate Pension Plans

    December 20, 2010
  • The Financial Services Commission (FSC) and the Ministry of Employment and Labor (MOEL) have come up with the following proposals to reform corporate pension plans, based upon what we have discussed at a T/F, which was created on May 28, 2010 as a public-private partnership with the FSS, the industry and the academia to invigorate pension services and encourage fair competition in the market.

    *Please read the attached file for details.


  

Macro-prudential Stability Levy

    Macro-prudential Stability Levy

    December 20, 2010
  • The Korean government plans to impose Macro-prudential Stability Levy ("the Levy") on non-deposit foreign currency liabilities with three motivations.

    *Please read the attached file for details.


  

Basel III QIS and Its Implications

    Basel III QIS and Its Implications

    December 17, 2010
  • The Basel Committee on Banking Supervision (“the Committee”) published the results of its comprehensive quantitative impact study (QIS) on December 16, 2010 to ascertain the impact of the Basel III rules on banks’ capital adequacy, leverage and liquidity ratios.

    *Please read the attached file for details.


  

2011 Financial Policy Agenda

    2011 Financial Policy Agenda

    December 14, 2010
  • The Financial Services Commission (FSC) has made a publicly open presentation of its policy objectives for 2011 to President Lee Myung-Bak on December 14 at the Blue House.

    *Please read the attached file for details.


  

Follow-up Measures for November 11

    Follow-up Measures for November 11

    December 07, 2010
  • The financial regulators are investigating alleged acts of unfair trading and risk management status of financial investment companies in relation to the selloff on November 11, 2010 that sparked the stock market plunge.

    *Please read the attached file for details.


  

FSC Chairman's Luncheon Speech - IGE-IMF Joint Conference

    FSC Chairman's Luncheon Speech - IGE-IMF Joint Conference

    December 02, 2010
  • *Please read the attached file for details.

  

Progress on Management of Public Funds

    Progress on Management of Public Funds

    December 02, 2010
  • The government has established a Corporate Restructuring Fund in addition to the Public Funds in May 2009 to effectively tackle the global financial crisis. The Corporate Restructuring Fund is different from the Public Funds in its funding and objective.

    *Please read the attached file for details.


  

Results of Emergency Economic Meeting after North Korea's Artillery Firing

    Results of Emergency Economic Meeting after North Korea's Artillery Firing

    November 24, 2010
  • Vice Minister of Strategy and Finance Yim Jong-yong called for an emergency economic meeting on Wednesday, November 24, a day after North Korea’s attack on Yeonpyeong Island to discuss the attack’s impact on domestic and overseas financial markets and policy responses to future developments.

    *Please read the attached file for details.


  

Countermeasures against KOSPI's Sudden Plunge on Nov. 11

    Countermeasures against KOSPI's Sudden Plunge on Nov. 11

    November 22, 2010
  • The KOSPI index plunged 48 points in the last ten minutes before the market closed on November 11, the options expiry date of the month, as foreign investors cleared their arbitrage positions by selling off KRW2.4 trillion worth of shares.

    *Please read the attached file for details.


  

Global Financial Regulatory Reforms

    Global Financial Regulatory Reforms

    November 11, 2010
  • On November 15, 2008 in the midst of the global financial crisis, the Leaders of the G20 met for the first time in Washington to enhance international cooperation to restore global economic growth and achieve needed reform in the world's financial systems.

    *Please read the attached file for details.