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FSC Identifies D-SIBs for 2017

    FSC Identifies D-SIBs for 2017

    December 29, 2016
  • The FSC identified domestic systemically important bank (D-SIBs) for 2017: Shinhan Financial Group, Hana Financial Group, KB Financial Group, NH Financial Group and Woori Bank.

    *Please read the attached file for details.


  

  

FSC approves Korea's 1st Internet-only bank

    FSC approves Korea's 1st Internet-only bank

    December 14, 2016
  • The Financial Services Commission held its regular meeting on December 14

    and granted final approval for 'K-Bank', Korea's first Internet-only bank.

    *Please read the attached file for details.


  

  

FSC Holds Emergency Meeting on Financial Markets after Impeachment Vote

    FSC Holds Emergency Meeting on Financial Markets after Impeachment Vote

    December 11, 2016
  • FSC Chairman Yim Jong-yong convened an emergency meeting on Sunday,

    December 11 with top officials from the Financial Supervisory Service(FSS) and other relevant financial institutions to monitor market effects and discuss policy responses after parliament's impeachment vote last Friday.

    * Please read the attached file for details.


  

  

Follow-ups on the Household Debt Management Measures Announced on Aug.25

    Follow-ups on the Household Debt Management Measures Announced on Aug.25

    November 24, 2016
  • The FSC announced follow-up measures on household debt management as the measures announced on August 25,

    2016 started to show a sign of policy effects, particularly in slowing down household loan growth in the non-banking sector and collective lending.

    * Please read attachedf file for details.


  

  

Measures for Improvement of Derivatives Markets

    Measures for Improvement of Derivatives Markets

    November 22, 2016
  • The FSC announced a set of measures to make South Korea’s derivatives markets more advanced and sounder as this year marks the 20th anniversary of the establishment of derivatives markets in 1996.

    * Please read the attached file for details.


  

  

Seven Investors Were Picked to Buy Government's Stake in Woori Bank

    Seven Investors Were Picked to Buy Government's Stake in Woori Bank

    November 13, 2016
  • The government decided to sell its 29.7% stake in Woori Bank to seven investors on its fifth attempt to privatize Woori Bank since 2010.

    *Please read the attached file for details.


  

  

Short Selling and Disclosure Rules To Be Improved

    Short Selling and Disclosure Rules To Be Improved

    November 10, 2016
  • The FSC outlined its plan to improve rules for short-selling and disclosure to strengthen investor protection.

    *Please read the attached file for details.


  

  

FSC and FSS Holds Emergency Meeting on Financial Markets

    FSC and FSS Holds Emergency Meeting on Financial Markets

    November 09, 2016
  • FSC Chairman Yim Jong-yong convened an emergency meeting on November 9 with top officials from the FSS and other relevant financial organizations to respond to recent uncertainties in financial markets due to the 2016 U.S. presidential election outcome.

    *Please read the attached file for details.


  

  

FSC Holds Emergency Meeting on Financial Markets

    FSC Holds Emergency Meeting on Financial Markets

    November 07, 2016
  • FSC Chairman Yim Jong-yong convened an emergency meeting with top officials from the FSS and other relevant financial organizations to respond to recent uncertainties in financial markets at home and abroad.

    * Please read the attached file for details.


  

  

Preliminary Bidding Result for Sale of Woori Bank

    Preliminary Bidding Result for Sale of Woori Bank

    September 26, 2016
  • Eighteen investors submitted letters of intent (LOI) to buy the government's 30% minority stakes in Woori Bank in a preliminary bidding. The amount of stakes for which the investors bid adds up to 82 to 119 perent shares of Woori Bank. *Please read the attached file for details.