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FSC to Extend Guidelines for Comprehensive Supervision on Financial Conglomerates

    FSC to Extend Guidelines for Comprehensive Supervision on Financial Conglomerates

    June 12, 2019
  • The FSC decided to extend the best practice guidelines for comprehensive supervision of financial conglomerates for another year with some revisions.


  

Fourth Batch of Financial Service Providers Designated as 'Innovative Financial Services' for FSC's Regulatory Sandbox

    Fourth Batch of Financial Service Providers Designated as 'Innovative Financial Services' for FSC's Regulatory Sandbox

    June 12, 2019
  • The FSC designated additional six financial service providers as 'innovative financial services' to be accepted into financial regulatory sandbox.


  

FSC Announces Plans to Establish Financial Big Data Infrastructure

    FSC Announces Plans to Establish Financial Big Data Infrastructure

    June 03, 2019
  • The FSC announced its plans for financial big data infrastructure, as part of the government's wider efforts to promote digital economy with the use of big data.


  

Debt Service Ratio(DSR) Rules to be Introduced in Non-banking Sector

    Debt Service Ratio(DSR) Rules to be Introduced in Non-banking Sector

    05 30, 2019
  • The FSC announced its plan to extend current debt service ratio (DSR) standards to non-bank financial institutions as one of the criteria for managing household loans.


  

FSC Introduces Deregulatory Measures to Boost Korea's Derivatives Market

    FSC Introduces Deregulatory Measures to Boost Korea's Derivatives Market

    05 30, 2019
  • The FSC introduced deregulatory measures to make Korea's derivatives markets more vibrant and competitive.


  

FSC to Ease Restrictions on Information Sharing in Financial Investment Business

    FSC to Ease Restrictions on Information Sharing in Financial Investment Business

    05 27, 2019
  • The FSC proposed reforms to the Financial Investment Services and Capital Markets Act (FSCMA) to improve business conduct rules on financial investment business.


  

Results of Evaluation for Preliminary Approval for Additional Online-only Bank Licenses

    Results of Evaluation for Preliminary Approval for Additional Online-only Bank Licenses

    05 26, 2019
  • The FSC rejected applications filed by 'Kiwoom Bank' and 'Toss Bank' for preliminary approval for online-only bank licenses as the two applicants both fell short of the standards for online-only banks by an evaluation committee.


  

FSC Holds Korea Fintech Week 2019

    FSC Holds Korea Fintech Week 2019

    05 23, 2019
  • Korea Fintech Week 2019 is held from May 23 to 25 at Dongdaemoon Design Plaza(DDP), Seoul.


  

Regulatory Reforms to Promote Robo-Advisory Services

    Regulatory Reforms to Promote Robo-Advisory Services

    05 16, 2019
  • The FSC reformed the Financial Investment Business Regulation to promote robo-advisory services.


  

FSC Secretary General Holds Meeting on Soundness of Household and Individual Business Loans

    FSC Secretary General Holds Meeting on Soundness of Household and Individual Business Loans

    05 16, 2019
  • FSC Secretary General Sohn Byungdoo convened a meeting with the FSS and the KIF on May 15, to monitor the soundness of household and individual business loans.