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

    June 26, 2019
  • The FSC designated additional five financial service providers as 'innovative financial services' to be accepted into financial regulatory sandbox.


    FSC to Overhaul Authorization Scheme for Financial Investment Business

    June 25, 2019
  • The FSC plans to overhaul the current authorization scheme for financial investment business in order to bring fresh competition and boost vitality in capital markets.


    Government to Complete Privatization of Woori Financial Group by 2022

    June 25, 2019
  • The FSC announced its plan to sell the remaining 18.3% stake in Woori Financial Group (WFG), owned by the Korea Deposit Insurance Corporation (KDIC), from 2020 to 2022.


    Electronic Securities System to be Introduced

    June 18, 2019
  • Securities certificates of listed stocks and bonds will be issued electronically only, not in physical form, starting from September 16, 2019.


    FSC to Reform Benchmark Interest Rates

    June 17, 2019
  • The FSC and the Bank of Korea (BOK) jointly launched a taskforce to develop a new benchmark interest rate, which aims to replace the current benchmark interest rate of certificate of deposits (CDs) by 2021.


    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

    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

    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

    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

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