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Plan to Introduce Internet-only Banks in Korea

    Plan to Introduce Internet-only Banks in Korea

    June 18, 2015
  • The FSC announced its detailed plan to introduce internet-only banks in Korea to enable financial consumers to use more convenient banking services at lower costs

    *Please read the attached file for details


  

  

Revision to Regulation on Financial Institutions' Outsourcing of Data Processing Business & IT Facilities

    Revision to Regulation on Financial Institutions' Outsourcing of Data Processing Business & IT Facilities

    June 09, 2015
  • The FSC announced a 20-day notice of revision to the Regulation on Financial Institutions' Outsourcing of Data Processing Business & IT Facilities. * Please read the attached file for details.

  

  

Authoritative Interpretation to be Presented to Promote Fintech Investments

    Authoritative Interpretation to be Presented to Promote Fintech Investments

    05 11, 2015
  • As part of our efforts to promote the fintech industry, the FSC plans to present an authoritative interpretation of current financial laws later this month to clarify the scope of businesses that financial institutions are allowed to invest. * Please refer to the attached file for details.

  

Policy Direction for Capital Market Reform

    Policy Direction for Capital Market Reform

    April 23, 2015
  • The FSC outlined its policy direction and key tasks to push forward capital market reform in order to boost the vitality of capital markets and strengthen its support for real economic activities.

    *Please read the attached file for details


  

Additional KRW 20 trillion To Be Provided for the Mortgage Refinancing Program.

    Additional KRW 20 trillion To Be Provided for the Mortgage Refinancing Program.

    March 30, 2015
  • The government will provide an additional KRW 20 trillion starting March 30 for the government’s mortgage refinancing program totaling KRW 40 trillion, after comprehensive review and consultation with relevant organizations.

    * Please read the attached file for details.


  

Business Guideline for Financial Market Infrastructures

    Business Guideline for Financial Market Infrastructures

    March 20, 2015
  • The Business Guideline for Financial Market Infrastructures is to provide specific standards that financial market infrastructures should comply with in conducting business pursuant to the Financial Investment Business and Capital Markets Act and its subordinate regulations. * Please read the attached file for details.

  

  

Key Policy Direction for Financial Regulatory Reform

    Key Policy Direction for Financial Regulatory Reform

    March 17, 2015
  • FSC Chairman Yim Jong-yong had his first press conference today since he took office on March 13, 2015 to outline a key policy direction for financial regulatory reform.

    * Please read the attached file for details


  

Korea's Household Debt and Policy Response

    Korea's Household Debt and Policy Response

    February 26, 2015
  • The quality of household mortgage loans has been improved with proportions of fixed-rate and fully-amortized loans steadily increasing. As of end-2014, the percentage of fixed-rate and amortized loans out of banks' household mortgage loans stood at 23.6% and 26.5% respectively, exceeding 20% initially target by 2014.

    *Please read the attached file for details


  

Financial Policy Direction for 2015

    Financial Policy Direction for 2015

    January 29, 2015
  • The FSC announced its financial policy direction for the year of 2015 with three key policy goals and nine tasks.

    *Please read the attached file for details


  

Plan to Support Convergence of Finance and Technology

    Plan to Support Convergence of Finance and Technology

    January 27, 2015
  • The convergence of IT and financial sectors, or 'financial technology'(hereinafter 'Fintech'), has emerged as a global trend. The trend also affects transaction pattern and payment environment for domestic consumers and industries with rapidly growing cross-border commerce and financial transaction on online or mobile platforms.

    *Please read the attached file for details