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Government Proposes Measures to Improve Corporate Practices of Annual General Meetings

    Government Proposes Measures to Improve Corporate Practices of Annual General Meetings

    April 24, 2019
  • The Financial Services Commission and the Ministry of Justice jointly proposed comprehensive measures to improve corporate practices of annual general meetings in an attempt to encourage the participation and engagement of shareholders.


  

Nine Financial Service Providers Accepted into FSC's Regulatory Sandbox

    Nine Financial Service Providers Accepted into FSC's Regulatory Sandbox

    April 17, 2019
  • The FSC announced the first batch of financial service providers accepted into its financial regulatory sandbox.


  

Financial Regulatory Sandbox Launched

    Financial Regulatory Sandbox Launched

    April 01, 2019
  • The FSC has officially launched a financial regulatory sandbox today as the Special Act on Financial Innovation Support takes effect on April 1, 2019.


  

FSC Recieved Three Applicants for Preliminary License for Online-only Bank

    FSC Recieved Three Applicants for Preliminary License for Online-only Bank

    March 28, 2019
  • Three applicants - Kiwoom Bank, Toss Bank and Anyband Smart Bank - have submitted their applications for online-only bank license.


  

FSC to Delay Implementation of Basel III for New Online-only Banks

    FSC to Delay Implementation of Basel III for New Online-only Banks

    March 25, 2019
  • The FSC will grant new online-only banks a grace period of two or three years for the implementation of Basel III regulations, scheduled to be fully effective from 2020 for other banks.


  

Financial Policy Plans to Support Innovation-led Growth

    Financial Policy Plans to Support Innovation-led Growth

    March 21, 2019
  • The FSC announced financial policy plans to support Korea's innovation-led economig growth.


  

Financial Policy Roadmap for 2019

    Financial Policy Roadmap for 2019

    March 07, 2019
  • The FSC laid out a financial policy roadmap for 2019 aimed at promoting financial innovation, ensuring trust in finance and securing financial stability.

    *Please read the attached file for details


  

Banks' Financial Payment System To Be Open to Fintech Firms

    Banks' Financial Payment System To Be Open to Fintech Firms

    February 25, 2019
  • The FSC proposed its plan to establish an open banking system which would allow fintech firms to access banks' payment network, in an effort to encourage development of new payment services and greater competition in the financial sector.


  

FSC to Propose a Bill on P2P Lending

    FSC to Propose a Bill on P2P Lending

    February 11, 2019
  • The FSC plans to propose a bill on peer-to-peer(P2P) lending to help the P2P sector grow into one of innovative fintech services and provide both investors and borrowers with better protection


  

Korea Next Exchange (KONEX) to be Revitalized

    Korea Next Exchange (KONEX) to be Revitalized

    January 30, 2019
  • FSC Chairman Choi JongKu announced a plan for revitalizing KONEX at a meeting with young entrepreneurs and venture capital investors.

    * Please read the attached file for details