Financial Services Commission Press Releaseshttp://www.fsc.go.kr/eng/index.jsp <![CDATA[ The 4th UK-Korea Financial Cooperation Forum Held in Seoul]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2017#34321The Korean Financial Services Commission and the Financial Supervisory Service hosted the fourth UK-Korea Financial Cooperation Forum in Seoul today with the UK Treasury, the Financial Conduct Agency, and the British Embasst.

*Please read the attached file for details

]]>
Tue, 21 Nov 2017 00:00:00 +0900
<![CDATA[ Revision to the Act on External Audit of Stock Companies]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2017#34237The latest revision, passed by the National Assembly on September 28, 2017, is the most far-reaching reform of Korea's accounting and audit practices. The revised bill will take effect November 1, 2018, one year after the date of its promulgation.

* Please read the attached file for details.

]]>
Wed, 01 Nov 2017 00:00:00 +0900
<![CDATA[ Comprehensive Measures for Household Debt Management]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2017#34219The government announced a comprehensive scheme to manage household debt in an effort to reduce financial risks in the short term; and strengthen macroeconomic soundness, boost household income and repayment ability in the mid-to-long term.

*Please read the attached file for details

]]>
Tue, 24 Oct 2017 00:00:00 +0900
<![CDATA[ FSC Tightens Mortgage Rules to Curb Speculative Demand in Housing Market]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2017#34003The FSC will tighten loan-to-value(LTV) and debt-to-income(DTI) rules to curb speculative damnd in the housing market, as part of the government's effort to stabilize housing market prices.

* Please read the attached file for details.

]]>
Wed, 02 Aug 2017 00:00:00 +0900
<![CDATA[ Korea's Second Internet-only Bank Open for Service]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2017#33987KakaoBank, Korea's second internet-only bank, officially launched for service on July 27 after twenty months of preparation since the FSC granted preliminary approval.

*Please read the attached file for details.

]]>
Thu, 27 Jul 2017 00:00:00 +0900
<![CDATA[ FSC Chairman Announces Financial Policy Roadmap]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2017#33981FSC Chairman Choi Jongku had his first meeting with the press since taking office and announced financial policy direction under the Moon Jae-in administration.

*Please read the attached file for details

]]>
Wed, 26 Jul 2017 00:00:00 +0900
<![CDATA[ FSC Identifies D-SIBs for 2018]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2017#33902The FSC identified on June 28, 2017, four bank holding companies and one bank as domestic systemically important banks (D-SIBs) for 2018.

*Please read the attached file for details

]]>
Wed, 28 Jun 2017 00:00:00 +0900
<![CDATA[ FSC Held Market Monitoring Meeting on Results of MSCI 2017 Market Classification Review]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2017#33889FSC Vice Chairman Jeong Eun-bo held a meeting on June 21 with officials from relevant agencies to discuss the impact of the MSCI&rsquo;s 2017 Market Classification Review and the government&rsquo;s responses.

* Please read the attached file for details.

]]>
Wed, 21 Jun 2017 00:00:00 +0900
<![CDATA[ Credit Card Merchant Fees To Be Lowered For More Small Merchants]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2017#33884Wed, 14 Jun 2017 00:00:00 +0900 <![CDATA[ New Approach to Corporate Restructuring]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2017#33694FSC Chairman had a meeting with CEOs of commercial banks on April 13 to set out a new approach to corporate restructuring.

*Please read the attached file for details.

]]>
Thu, 13 Apr 2017 00:00:00 +0900
<![CDATA[ Korea's 1st Internet-only Bank Open for Service]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2017#33650'K bank', Korea's 1st internet-only bank is officially launched on April 3 for service.

*Please read the attached file for details

]]>
Mon, 03 Apr 2017 00:00:00 +0900
<![CDATA[ FSC Holds Emergency Meeting on Financial Markets after Court Ruling on Presidential Impeachment]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2017#33580FSC Chairman Yim Jong-yong convened an emergency meeting on Sunday, March 12 with top officials from the Financial Supervisory Service(FSS) and other relevant financial institutions to monitor market effects and discuss policy responses after the Constitutional Court&rsquo;s decision on last Friday to uphold the parliamentary vote to impeach the country&rsquo;s President.

* Please read the attached file for details.

]]>
Sun, 12 Mar 2017 00:00:00 +0900
<![CDATA[ Financial Policy Direction for 2017]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2017#33326The FSC outlined its financial policy direction for 2017, focused on (i) prompt and thorough response to financial market risks; (ii) financial support for stabilization of household livelihood; and (iii) financial reforms and innovation to revitalize the economy.

]]>
Thu, 05 Jan 2017 00:00:00 +0900
<![CDATA[ FSC Identifies D-SIBs for 2017]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2016#33285The 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.

]]>
Thu, 29 Dec 2016 00:00:00 +0900
<![CDATA[ FSC approves Korea's 1st Internet-only bank]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2016#33232 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.

]]>
Wed, 14 Dec 2016 00:00:00 +0900