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Amendments to the Enforcement Decree of the Mutual Savings Banks

    Amendments to the Enforcement Decree of the Mutual Savings Banks

    June 24, 2010
  • As the Amendments to the Enforcement Decree of the Mutual Savings Banks Act have passed the Cabinet Meeting in June 22, they are expected to be enforced starting from July 2010.

    *Please read the attached file for details.


  

Conference on

    Conference on "The Global Financial Crisis and Microfinance: Challenges and International Cooperation"

    June 16, 2010
  • The Financial Services Commission (FSC), the World Bank and the Korea Development Institute (KDI) co-hosted an international conference on “the Global Financial Crisis and Microcredit: Challenges and International Cooperation” on June 15.

    *Please read the attached file for details.


  

2ND Round of Strengthened Regualtion on Financial Institutions' FX Soundness

    2ND Round of Strengthened Regualtion on Financial Institutions' FX Soundness

    June 14, 2010
  • Since the government implemented the new rules to strengthen regulations on financial institutions’ FX soundness in January 2010, FX liquidity ratio has risen, the management of FX derivatives trade has been strengthened, and the overall FX soundness of banks has improved.

    *Please read the attached file for details.


  

Amendments to the Enforcement Decree of the FSCMA Passed at the Vice Ministerial Meeting

    Amendments to the Enforcement Decree of the FSCMA Passed at the Vice Ministerial Meeting

    June 04, 2010
  • Amendments to the Enforcement Decree of the Financial Investment Services and Capital Markets Act (FSCMA) were passed at the vice ministerial meeting on June 3, 2010.

    *Please read the attached file for details.


  

Principles and Plans for Authorization of Financial Investment Businesses

    Principles and Plans for Authorization of Financial Investment Businesses

    June 03, 2010
  • Basic Principles for Future Authorization of Financial Investment Business

    *Please read the attached file for details.


  

FSC Chairman's Speech - Korea Economic Forum

    FSC Chairman's Speech - Korea Economic Forum

    05 19, 2010
  • *Please read the attached file for details.

  

Contingency Plans for Southern Europe's Financial Crisis

    Contingency Plans for Southern Europe's Financial Crisis

    05 10, 2010
  • Despite the EU-IMF rescue package* for Greece, financial markets faltered amid fears that southern European counties’ debt crisis could spread.

    *Please read the attached file for details.


  

Impacts of the Goldman Sachs Case on Financial Markets

    Impacts of the Goldman Sachs Case on Financial Markets

    April 20, 2010
  • In the wake of the civil action by the U.S. Securities and Exchange Commission (SEC) against Goldman Sachs on April 16, stock markets in the U.S. and Europe fell, and prices of the U.S. Treasury bonds and dollars rose.

    *Please read the attached file for details.


  

Amendments to Credit Business Act

    Amendments to Credit Business Act

    April 15, 2010
  • Since an annual interest rate ceiling on loans extended by private lending companies was lowered from 66% to 49% in October 2007, there has been a growing need to reflect a downward trend of interest rates.

    *Please read the attached file for details.


  

Amendments to Financial Investment Regulation

    Amendments to Financial Investment Regulation

    April 07, 2010
  • The Financial Services Commission (FSC) made amendments to financial investment regulations to strengthen financial investment companies’ risk management of foreign currency derivative products.

    *Please read the attached file for details.