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