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Notice for Financial Customers upon Designation of Temporary Holiday on August 14

    Notice for Financial Customers upon Designation of Temporary Holiday on August 14

    August 07, 2015
  • In commemoration of the 70th anniversary of the Korean independence, August 14 is designated as temporary holiday. All financial markets including securities and bond markets will be closed. Most financial institutions will be closed as well.

  

  

Crowdfunding to be Introduced

    Crowdfunding to be Introduced

    July 23, 2015
  • The FSC made amendments to the Enforced Decree of the Financial Investment Services and Capital Markets Act(FSCMA) to allow start-ups and SMEs to raise funds through crowdfunding.

    *Please read the attached file for details


  

  

Household Debt Management Measures

    Household Debt Management Measures

    July 22, 2015
  • The government announced today a package of measures to manage household debt growth in a comprehensive and preemptive manner in response to potential internal and external risks. * Please click the attached file for details

  

  

Revision to Regulation on Financial Institutions

    Revision to Regulation on Financial Institutions

    July 22, 2015
  • The revision to the Regulation on Financial Institutions'

  

  

FSC Gives Preliminary Approval for Hana Bank-KEB Merger

    FSC Gives Preliminary Approval for Hana Bank-KEB Merger

    July 22, 2015
  • The FSC held its 14th meeting and gave preliminary approval for the merger of Hana Bank and Korea Exchange Bank (KEB). * Please click the attached file for details.

  

  

Statement on Privatization Plan for Woori Bank

    Statement on Privatization Plan for Woori Bank

    July 21, 2015
  • The Public Fund Oversight Committee (PFOC), a deliberative body in charge of privatizing Woori Bank, held a meeting to discuss how to push forward the privatization and decide on the new plan.

    * Please read the attached file for details.


  

  

Plan to Strengthen Competitiveness of Korea's Exchange Market

    Plan to Strengthen Competitiveness of Korea's Exchange Market

    July 02, 2015
  • The FSC outlined its plan to strengthen global competitiveness of Korea's exchange market and boost vitality in capital markets.

    * Please read the attached file for details.


  

  

Laws to Curb Market Disruptive Activities to Take Effect from July 1, 2015

    Laws to Curb Market Disruptive Activities to Take Effect from July 1, 2015

    July 01, 2015
  • As of July 1, 2015, the Financial Investment Services and Capital Markets Act ("FSCMA") was amended to regulate so-called "market disruptive activities", a newly created category of unfair trading activities in addition to the traditional insider trading and market manipulation activities.

    * Please read the attached file for details.


  

  

Major Progress in Financial Reform Initiative

    Major Progress in Financial Reform Initiative

    July 01, 2015
  • Since the annoucement of 'Key Direction for Financial Reform' on March 17, the FSC has been thriving to reform and bring innovation in the financial sector. In line with such efforts, the FSC launched a so-called '3+1 Initiative' to set detailed directions for the finantial reform drive based on the opinions of the financial market players.

    *Please read the attached file for details


  

  

Plan to Strengthen Microfinance Support

    Plan to Strengthen Microfinance Support

    June 23, 2015
  • The FSc announced its plan to strengthen microfinance programs to reduce financial burden of low-income borrowers and to support their self-sufficiency.

    *Please read the attached file for details