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Reform Plan of Financial Supervisory System

    Reform Plan of Financial Supervisory System

    July 23, 2013
  • The FSC reported a reform plan of financial supervisory system at the cabinet meeting on July 23 to be submitted to the National Assembly this week.

    *Please read the attached file for details.


  

Comprehensive Measures to Reinforce Financial Institutions' Data Security

    Comprehensive Measures to Reinforce Financial Institutions' Data Security

    July 12, 2013
  • The FSC announced 'Comprehensive Measures to Reinforce Financial Institution's Data Security' on July 12, 2013.

    *Please read the attached file for details.


  

Measures to Normalize Corporate Bond Market

    Measures to Normalize Corporate Bond Market

    July 08, 2013
  • The FSC announced measures to invigorate the sluggish corporate bond market as a preemptive response to prevent worsening corporate funding condition and destabilizing factors in corporate bond market from spilling over the broader economy.

    *Please read the attached file for details.


  

Insurance Coverage by Local Insurers for Asiana Airline Accident

    Insurance Coverage by Local Insurers for Asiana Airline Accident

    July 07, 2013
  • The Boeing 777 owned by Asiana Airlines that crashed in San Francisco is under aviation insurance worth a total of USD 2.38 billion.

    *Please read the attached file for details.


  

Basel III Capital Regulations To Be Implemented From December 2013

    Basel III Capital Regulations To Be Implemented From December 2013

    July 02, 2013
  • Basel III capital regulations will be gradually implemented to the banking sector from December 2013 as the revised Regulation on Supervision of Banking Institutions is scheduled to take effect.

    *Please read the attached file for details.


  

Plan for Privatization of Woori Finance Holdings

    Plan for Privatization of Woori Finance Holdings

    June 26, 2013
  • The Public Funds Oversight Committee announced the privatization plan for Woori Finance Holdings after its 78th meeting on June 26, 2013.

    *Please read the attached file for details.


  

Regulations on Financial Institutions' Outsourcing of Data Processing Business and IT Facilities

    Regulations on Financial Institutions' Outsourcing of Data Processing Business and IT Facilities

    June 24, 2013
  • The FSC approved the proposed legislation of 'Regulations on Financial Institutions' Outsourcing of Data Processing Business and IT Facilities' on June 19, 2013.

    *Please read the attached file for details.


  

Measures to Improve Financial Institutions' Corporate Governance

    Measures to Improve Financial Institutions' Corporate Governance

    June 18, 2013
  • The FSC formed a task force team to work on 'measures to improve financial institutions' corporate governance' on April 19, 2013 and came up with the draft of measures based on what have been discussed so far.

    *Please read the attached file for details.


  

Revision to Enforcement Decree of the Financial Investment Services and Capital Markets Act (FSCMA)

    Revision to Enforcement Decree of the Financial Investment Services and Capital Markets Act (FSCMA)

    June 14, 2013
  • In line with the revision to the FSCMA, the FSC plans to revise the Enforcement Decree of the FSCMA to stipulate specific terms on matters delegated by the Act.

    *Please read the attached file for details.


  

Public Hearing on Measures to Improve Financial Institution's Corporate Governance

    Public Hearing on Measures to Improve Financial Institution's Corporate Governance

    June 12, 2013
  • The FSC formed a task force team in April this year to discuss how to improve financial institution's corporate governance.

    *Please read the attached file for details.