Financial Services Commission Press Releaseshttp://www.fsc.go.kr/eng/index.jsp <![CDATA[ Progress in Financial Reform and Policy Tasks Ahead]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#34857FSC Chairman Choi JongKu held a press conference on May 9 to brief on progress the FSC has made in its financial reform initiatives and explain financial policy tasks ahead.

*Please read the attached file for details

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Wed, 09 May 2018 00:00:00 +0900
<![CDATA[ Regulatory Reform on Entry Barriers to Financial Services Industry]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#34832The FSC outlined its plan on regulatory reform on entry barriers to financial services business in a bid to promote competiton and innovation in the financial sector.

* Please read the attached file for details.

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Fri, 04 May 2018 00:00:00 +0900
<![CDATA[ Result of 2018 Annual General Meetings of Listed Companies]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#34831This year marked the first time that listed companies held Annual General Meetings of shareholders since the abolition of the so-called 'shadow-voting' practice at the end of last year.

*Please read the attached file for details

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Wed, 04 Apr 2018 00:00:00 +0900
<![CDATA[ Mandatory Disclosure of Corporate Governance to be Phased in from 2019]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#34681The FSC and KRX plan to introduce mandatory disclosure of corporate governance into Kospi-listed companies with total asset value of more than KRW 2 trillion starting from 2019.

*Please read the attached file for details

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Fri, 23 Mar 2018 00:00:00 +0900
<![CDATA[ Plan to Improve Corporate Governance of Financial Companies and Relevant Regulations]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#34659The FSC announced its plan to amend the Act on Corporate Governance of Financial Companies and its subordinate regulations, aimed to address problems found in the actual practice of implementing corporate governance rules by financial companies.

*please read the attached file for details.

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Thu, 15 Mar 2018 00:00:00 +0900
<![CDATA[ Plan for Comprehensive Supervision of Financial Conglomerates]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#34553The FSC outlined its plan to introduce a comprehensive supervisory framework for financial conglomerate, one of the government's financial reform agendas.

*Please read the attached file for details.

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Thu, 01 Feb 2018 00:00:00 +0900
<![CDATA[ Financial Measures to Curb Speculation in Cryptocurrency Trading]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#34502The FSC announced measures that only allow accounts with a users' real name to be used in cryptocurrency trading and introduce banks a guideline to prevent cryptocurrency-related money laundering.

*Please read the attached file for details.

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Tue, 23 Jan 2018 00:00:00 +0900
<![CDATA[ Financial Policy Roadmap for 2018]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#34487The FSC announced its financial policy roadmap for 2018 outlining financial policy plans to promote innovation in finance and support innovation-led, sustainable growth of the Korean economy.

*Please read the attached file for details.

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Mon, 15 Jan 2018 00:00:00 +0900
<![CDATA[ Measures to Vitalize Kosdaq Market]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#34463The FSC announced measures for vitalizing the Kosdaq market to support the growth of start-ups and venture businesses.

*Please read the attached file for details.

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Thu, 11 Jan 2018 00:00:00 +0900
<![CDATA[ KoFIU and FSS Inspect Banks over Cryptocurrency Trading Accounts]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#34449Korea Financial Intelligence Unit (KoFIU) and Financial Supervisory Service (FSS) started to carry out joint investigations today on six commercial banks that are offering trading accounts to cryptocurrency exchanges in Korea.

*Please read the attaached file for details.

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Mon, 08 Jan 2018 00:00:00 +0900
<![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

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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.

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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

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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.

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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.

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Thu, 27 Jul 2017 00:00:00 +0900