Financial Services Commission Press Releaseshttp://www.fsc.go.kr/eng/index.jsp <![CDATA[ SFC's Final Ruling on Samsung BioLogics]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#35471The SFC ruled that Samsung BioLogics intentionally violated accounting rules by changing the accounting treatment of its holding in Samsung Bioepis in 2015.

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Wed, 14 Nov 2018 00:00:00 +0900
<![CDATA[ FSC Proposes Capital Market Reform]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#35433The FSC proposed capital market initiatives aimed at facilitating fiancing for innovative companies through capital markets.

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Thu, 01 Nov 2018 00:00:00 +0900
<![CDATA[ FSC Holds Meeting on Financial Market Conditions]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#35399FSC Vice Chairman Kim Yong-beom convened a meeting with representatives of financial institutions this morning to examine financial market conditions and make sure that Korea's economic and financial conditions are well prepared to deal with the recent market turmoil.

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Mon, 29 Oct 2018 00:00:00 +0900
<![CDATA[ Debt Service Ratio(DSR) to be Introduced as Household Debt Management Standard]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#35375The FSC will introduce DSR rules in conjunction with other lending standards to reduce household indebtedness and curb rapid growth of household debt.

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Thu, 18 Oct 2018 00:00:00 +0900
<![CDATA[ Enforcement Decree of the Special Act on the Establishment and Operation of Online-only Bank]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#35351The FSC enacted the Enforcement Decree of the Special Act on the Establishment and Operation of Online-only Bank.

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Wed, 17 Oct 2018 00:00:00 +0900
<![CDATA[ Financial Measures to Stabilize Housing Prices]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#35260The FSC announced tighter mortgage rules to curb speculative demand in the housing market, as part of the government's measures to rein in soaring housing prices.

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Fri, 14 Sep 2018 00:00:00 +0900
<![CDATA[ FSC Names 18 Private Firms as Fund Managers of Growth Support Fund]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#35262The FSC named 18 private firms as fund managers of the Growth Support Fund, which aims to raise KRW 3 trillion this year to support the growth of start-ups.

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Mon, 03 Sep 2018 00:00:00 +0900
<![CDATA[ Regulatory Reform to be Pursued for Online-only Banks]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#35181The FSC held an event, attended by President Moon Jae-in, to assess positive changes that Korea's two onlin-only banks have made and discuss challenges ahead for further financial innovation.

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Tue, 07 Aug 2018 00:00:00 +0900
<![CDATA[ FSC Reshuffles Organizational Structure]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#35086The FSC plans a major organizational reshuffle to better protech financial consumers and proactively respond to financial innovation in the fourth industrial revolution era.

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Tue, 17 Jul 2018 00:00:00 +0900
<![CDATA[ SFC's Ruling on Samsung BioLogics]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#35068The SFC on July 12, 2018 made its ruling on Samsung BioLogics.

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Thu, 12 Jul 2018 00:00:00 +0900
<![CDATA[ FSC Identifies D-SIBs for 2019]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#35008The FSC identified on June 27 four bank holding companies and one bank as systemically important banks (D-SIBs) for 2019.

*Please read the attached file for details

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Wed, 27 Jun 2018 00:00:00 +0900
<![CDATA[ Revision to Virtual Currency Anti-Money Laundering Guidelines]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#35007The Korea Financial Intelligence Unit (KoFIU) proposed a revision to the Virtual Currency Anti-Money Laundering Guidelines to address some insufficiencies related with the implementation of the Guidelines.

*Please read the attached file for details

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Wed, 27 Jun 2018 00:00:00 +0900
<![CDATA[ Draft Bill Proposed for Introduction of Regulatory Framework for Financial Benchmarks]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#35009The FSC proposed a draft bill to introduce a regulatory framework for financial benchmarks.

*Please read the attached file for details.

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Mon, 18 Jun 2018 00:00:00 +0900
<![CDATA[ Measures to Improve Stock Trading System]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#34916The FSC announced measures to improve the safety of stock trading system, aiming to prevent a repeat of last month's 'fat finger' incident at Samsung Securities.

*Please read the attached file for details.

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Tue, 29 May 2018 00:00:00 +0900
<![CDATA[ Plan to Facilitate the Use of Movable Assets as Collateral]]> /eng/new_press/releases.jsp?menu=01&bbsid=BBS0048&selYear=2018#34886The FSC outlined its plan to make it easier for SMEs to borrow from banks, using their movable properties as collateral.

*Please read the attached file for details

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Wed, 23 May 2018 00:00:00 +0900