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Resumption of Privatization Plan for Woori Finance Holdings

    Resumption of Privatization Plan for Woori Finance Holdings

    April 30, 2012
  • The Public Funds Oversight Committee has held the 52nd Meeting on April 27 and approved the KDIC’s plan to resume the sale process of Woori Finance Holdings.

  

Establishment of Korea New Exchange

    Establishment of Korea New Exchange

    April 16, 2012
  • The FSC announced its plan for creating a stock exchange exclusively for SMEs, tentatively named ‘Korea New Exchange (KONEX)’, in order to facilitate direct financing of venture start-ups and SMEs through the capital market.

    *Please read the attached file for details.


  

FSC Announcement on North Korea's Rocket Launch

    FSC Announcement on North Korea's Rocket Launch

    April 13, 2012
  • Regarding North Korea’s launch of a long-range rocket, the FSC has convened an Emergency Meeting this morning discussing the possible effects to Korea’s financial markets and countermeasures for any excessive volatility.

  

Expanding Microfinance for Young Adults and Low-Income Households

    Expanding Microfinance for Young Adults and Low-Income Households

    April 02, 2012
  • The FSC announced a set of plans for further expanding microfinance to help financially difficult young adults and low-income households manage financially-stable lives.

    *Please read the attached file for details.


  

FSC Signs MOU with Vietnamese Finance Ministry for Cooperation in Insurance Supervision

    FSC Signs MOU with Vietnamese Finance Ministry for Cooperation in Insurance Supervision

    March 29, 2012
  • The FSC Chairman Kim Seok-dong and the Vietnamese Finance Minister Vuong Dinh Hue signed an MOU on March 29, 2012 to expand bilateral cooperation and information sharing in supervision of the insurance sector.

    *Please read the attached file for details.


  

Plan for Improving Loan Guarantee Programs for Tech Firms

    Plan for Improving Loan Guarantee Programs for Tech Firms

    March 28, 2012
  • The FSC has announced a set of plans for improving loan guarantee programs for small and medium-sized tech companies.

    *Please read the attached file for details.


  

Chungwoo Suh Appointed to the IASB

    Chungwoo Suh Appointed to the IASB

    March 19, 2012
  • The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), announced today the appointment of Chungwoo Suh as a member of the IASB for an initial five-year term from 1 July 2012 and renewable for a further three-year term.

    *Please read the attached file for details.


  

Reporting System of High-Volume Short Sales

    Reporting System of High-Volume Short Sales

    March 12, 2012
  • Since the global financial crisis, major economies have adopted a reporting regime for high-volume short sales in line with global discussions to enhance transparency of short selling.

    *Please read the attached file for details.


  

Plan for Improving Loan Approval Process for SMEs

    Plan for Improving Loan Approval Process for SMEs

    March 06, 2012
  • The FSC has come up with a set of plans to improve the loan approval process for SMEs by reforming the immunity system for bank officials; fostering an SME-specialized credit bureau (CB); and improving banks’ collateral evaluation system.

  

Measures on Non-Banking Sector's Household Lending

    Measures on Non-Banking Sector's Household Lending

    March 02, 2012
  • The Korean government announced last year “Comprehensive Measures on Household Debt”(June 29, 2011) and “Measures to Increase Accessibility of Low-income Households to Financial Services”(April 15, 2011) to preemptively manage household debt growth.

    *Please read the attached file for details.