Press

Home>Press>Press Release

Search

Foreign Currency Liquidity Coverage Ratio (LCR) Will Apply to Banks from 2017

    Foreign Currency Liquidity Coverage Ratio (LCR) Will Apply to Banks from 2017

    June 16, 2016
  • The FSC will introduce foreign currency liquidity ratio (LCR) rule starting 2017, which requires commercial banks to hold 60% of their foreign exchange debt in high-quality liquid assets to withstand a 30-day net cash outflow in systemic risks.

    * Please read the attached file for details.


  

  

FSC Statement on Results of MSCI 2016 Market Classification Review

    FSC Statement on Results of MSCI 2016 Market Classification Review

    June 15, 2016
  • FSC Vice Chairman Jeong Eun-bo held a meeting on June 15 with officials from relevant agencies to discuss the government's responses, following MSCI's announcement of 2016 Market Classification Review.

    *Please read the attached file for details.


  

  

Restructuring Plan for Shipping & Shipbuilding Industries and Measures for Recapitalization of Policy Banks

    Restructuring Plan for Shipping & Shipbuilding Industries and Measures for Recapitalization of Policy Banks

    June 08, 2016
  • The government held a ministerial meeting chaired by Deputy Prime Minister to discuss restructuring plans for shipping & shipbuilding industries and measures to boost capital at state-run banks to fund the restructuring.

    * Please read the attached file for details.


  

  

Test Operation of Omnibus Account

    Test Operation of Omnibus Account

    05 24, 2016
  • The FSC/FSS and relevant agencies will launch a test operation of 'omnibus account' starting from May 25 with four standing proxies, two securities firms and one global financial investment company.

    *Plase read the attached file for further details


  

  

FSC Statement on HMM Negotiations

    FSC Statement on HMM Negotiations

    05 20, 2016
  • Following is the FSC statement released on Friaday, 20th May in regard with charter rate negotiations between HMM and shipwoners.

    * Please refer to the attached file for details.


  

  

Corporate Restructuring Plan

    Corporate Restructuring Plan

    April 26, 2016
  • The government outlined its plan for restructuring vulnerable industries and financially distressed companies, which will be proceeding on three tracks.

    * Please read the attached file for details.

FSC Announced CCyB Rate for Korea

    FSC Announced CCyB Rate for Korea

    March 30, 2016
  • The Financial Services Commission established the domestic regulatory basis for CCyB on December 16, 2015, with the amendment to the Regulation on Supervision of Banking Businesses.

    *Please read the attached file for details

Plan to Stimulate Financial Advisory Services

    Plan to Stimulate Financial Advisory Services

    March 24, 2016
  • The FSC outlined its plan to stimulate financial advisory services in response to growing demand of financial consumers for more accessible and more tailored financial advisory services. * Please read the attached file for details.

Introduction of Korea's Individual Savings Accounts (ISAs)

    Introduction of Korea's Individual Savings Accounts (ISAs)

    March 14, 2016
  • Korea’s Individual Savings Accounts (ISAs) were introduced on March 14, 2016, in which individuals can invest into various financial products such as savings, funds and derivative-linked securities.

    * Please read the attached file for details.

Corporate Restructuring Progress in 2015 and Plan for 2016

    Corporate Restructuring Progress in 2015 and Plan for 2016

    March 09, 2016
  • A total of 299 companies - 54 large companies and 175 SMEs - received the ratings of C and D in credit risk evaluations last year to be subject to restructuring. They are now under a debt workout program or a rehabilitation procedure.

    *Please read the attached file for details