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  • 08 / 02 / 2017
  • FSC Tightens Mortgage Rules to Curb Speculative Demand in Housing Market

  • The 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.

  • pdf 170802_FSC to tight mortgage rules.pdf
    doc 170802_FSC to tight mortgage rules.doc
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  • 07 / 27 / 2017
  • Korea's Second Internet-only Bank Open for Service

  • KakaoBank, 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.

  • pdf 170727_KaokaoBank launched.pdf
    file 170727_KaokaoBank launched.docx
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  • 06 / 14 / 2017
  • Credit Card Merchant Fees To Be Lowered For More Small Merchants

  • The FSC proposed amendments to the Enforcement Decree of the Specialized Credit Financial Business Act to lower credit card merchant fees for small businesses with annual sales of KRW 500 million or less. * For further details, please read the attached file.
  • pdf 170614_Credit Card Merchant Fees.pdf
    file 170614_Credit Card Merchant Fees.docx
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  • 03 / 12 / 2017
  • FSC Holds Emergency Meeting on Financial Markets after Court Ruling on Presidential Impeachment

  • FSC 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’s decision on last Friday to uphold the parliamentary vote to impeach the country’s President.

    * Please read the attached file for details.

  • pdf 170312_Emergency Meeting on Financial Market Conditions.pdf
    file 170312_Emergency Meeting on Financial Market Conditions.docx
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