Financial Services Commission Press Releaseshttp://www.fsc.go.kr/eng/index.jsp <![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
<![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

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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

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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.

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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.

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Thu, 13 Apr 2017 00:00:00 +0900