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Implementation Plan for Basel III

    Implementation Plan for Basel III

    December 21, 2012
  • Korea has been preparing for Basel III implementation from early 2011 and now almost completed its preparatory work for implementing Basel III starting January 2013.

    *Please read the attached file for details.


  

FSC/FSS Emergency Meeting on the Effects of North Korea's Rocket Launch

    FSC/FSS Emergency Meeting on the Effects of North Korea's Rocket Launch

    December 12, 2012
  • The FSC Vice Chairman Choo Kyungho convened an FSC/FSS emergency meeting at 1:30 pm after North Korea had launched its long-range rocket at 9:51 am on Wednesday December 12, 2012 to discuss the effects of the launch on Korea's financial market and measures to be taken to keep market stability.

    *Please read the attached file for details.


  

First Annual Status Report on the Hedge Fund Industry

    First Annual Status Report on the Hedge Fund Industry

    December 06, 2012
  • The total asset size of Korea's hedge fund market has grown to KRW 1 trillion with 12 active management companies with 19 registered funds in a year since it started from KRW 149 billion with 9 fund management companies with 12 funds.

    * Please read the attached file for details.


  

The Korean Government's Position on Lone Star's Filing for Arbitration

    The Korean Government's Position on Lone Star's Filing for Arbitration

    November 22, 2012
  • Lone Star Funds on November 21, 2012 filed an arbitration claim with the Korean government at the International Center for Settlement of Investment Disputes (ICSID), claiming that the Korean government violated its obligations under the investment treaty between South Korea and Belgium and Luxembourg. * Please read the attached file for details.

  

Legislation Notice of Covered Bonds Act

    Legislation Notice of Covered Bonds Act

    October 23, 2012
  • Since the global financial crisis, there has been growing need for a legal framework to issue covered bonds in order to ensure financial institutions’ stable funding channel and financial markets' stability.

    *Please read the attached file for details.


  

FSB Plenary Meeting Held In Tokyo

    FSB Plenary Meeting Held In Tokyo

    October 12, 2012
  • The FSC Vice Chairman, Choo Kyung Ho visited Tokyo during October 10 to 11 to attend the Financial Stability Board’s Plenary Meeting.

    *Please read the attached file for details.


  

Plan for Revision to Regulations on Supervision of Banking Business

    Plan for Revision to Regulations on Supervision of Banking Business

    September 27, 2012
  • The FSC/FSS started to revise the Regulations and Detailed Regulations on Supervision of Banking Business for domestic implementation of the Basel III rules, which will take effect in 2013.

    *Please read the attached file for details.


  

FSC/FSS to Tighten Rules on Commercial Papers

    FSC/FSS to Tighten Rules on Commercial Papers

    September 25, 2012
  • The financial regulator will tighen rules on disclosure requirement for CP in a bid to improve transparency in the CP market. *Please read the attached file for details.

  

Trends in ELS/DLS Markets and Related Measures for Improvement

    Trends in ELS/DLS Markets and Related Measures for Improvement

    September 06, 2012
  • Since the global financial crisis, the issuances of equity-linked securities (ELS) and
    derivatives-linked securities (DLS) have surged with the trend of low-interest rate and
    growing demand for customized investment.

    *Please read the attached file for details.


  

Key Improvements to the Short-term Benchmark Rate System

    Key Improvements to the Short-term Benchmark Rate System

    August 22, 2012
  • The FSC created a joint taskforce with affiliated agencies, the academia and trade groups on July 19, 2012 to come up with plans to improve the current system of short-term benchmark rate. The taskforce held its fifth meeting on August 21 to announce three major improvements out of various proposals discussed so far. *Please read the attached file for details.