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Korean Financial Market Update

    Korean Financial Market Update

    April 06, 2011
  • The KOSPI index, which once fell to a low point of 1,923.30 on March 15 after the Japanese earthquake, has rebounded to a record-high of 2130.43 on April 5, renewing the highest point of 2,115.69 prior to the earthquake.

    *Please read the attached file for details.


  

Monitoring Results of Domestic Banks' Foreign Currency Financing

    Monitoring Results of Domestic Banks' Foreign Currency Financing

    March 30, 2011
  • The Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) have been operating an Emergency Financial Situation Room and holding Joint Financial Check-up Meetings as the need arose to monitor the effects of external risk factors such as earthquakes in Japan, unrest in the Middle East and European sovereign risk on domestic financial markets including foreign currency funding and management of domestic banking industry and foreign exchange market.

    *Please read the attached file for details.


  

Financial Measures to Support Normalization of Housing Transactions

    Financial Measures to Support Normalization of Housing Transactions

    March 22, 2011
  • The temporary easing of the application of DTI ratio for mortgage loans will be expired at the end of March as scheduled, and the previously-imposed DTI limit will be reinstated starting April.

    *Please read the attached file for details.

    *Please refer to the attached MOSF press release for tax revision.


  

  

Plan for Strengthened Supervision on MSBs

    Plan for Strengthened Supervision on MSBs

    March 17, 2011
  • The FSC has announced its plan for strengthened supervision on savings banks.

    *Please read the attached file for details.


  

Amendment to Depositor Protection Act Passed at the National Assembly

    Amendment to Depositor Protection Act Passed at the National Assembly

    March 11, 2011
  • The National Assembly approved an amendment to the Depositor Protection Act on March 11, 2011.

    *Please read the attached file for details.


  

Unfair Trading Investigation Results and Penalties

    Unfair Trading Investigation Results and Penalties

    February 23, 2011
  • Violation of prohibition on market manipulation through the link between spot and futures by KOSPI200 stocks and derivatives trading on November 11, 2010, a KOSPI200 options’ expiry date

    *Please read the attached file for details.


  

Further Actions Taken on MSB and Support Measures

    Further Actions Taken on MSB and Support Measures

    February 21, 2011
  • An emergency meeting chaired by FSC Chairman Kim Seok-Dong convened this morning in Busan with relevant officials and institutions to discuss plans to minimize the impact of savings banks suspensions on depositors and SMEs in the region, and to provide sufficient liquidity for other savings banks.

    *Please read the attached file for details.


  

Actions Taken for Mutual Savings Banks

    Actions Taken for Mutual Savings Banks

    February 17, 2011
  • The Financial Services Commission (FSC) held a provisional meeting today and decided to impose 6-month business suspensions for Busan Savings Bank and Daejeon Savings Bank.

    *Please read the attached file for details.


  

Regulatory Follow-Up Measures For Nov.11 Stock Market Plunge

    Regulatory Follow-Up Measures For Nov.11 Stock Market Plunge

    January 11, 2011
  • The Financial Services Commission (FSC) and Financial Supervisory Service (FSS) have developed measures to improve derivatives-related trading system jointly with the Korea Exchange (KRX) and the Korea Financial Investment Association (KOFIA) based on the investigation of risk management status of financial investment companies and a public hearing held on December 20, 2010 after the stock market plunged on an option expiry day, November 11, 2010.

    *Please read the attached file for details.