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  • 03 / 13 / 2009
  • Fitch Ratings' Stress Test

  • A summary of Fitch Ratings' stress test on Korean banks and the government's stance.

    * Please read the attached file for details.

  • pdf Fitch Ratings' Stress Test.pdf
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  • 03 / 06 / 2009
  • FSC Article Published in AWSJ

  • The Vice Chairman, Dr. Rhee Changyoung, has contributed an article to the Wall Street Journal, published on March 6 in the Editorial & Opinion section, clarifying some inaccurate media coverage on Korea's current financial market conditions...

    * Please read the attached file for details.

  • pdf FSC Article Published in AWSJ.pdf
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  • 03 / 05 / 2009
  • Restructuring of Shipping Companies

  • In order to shore up Korea's flagging shipping industry, due to its deteriorating business environments, the government announces restructuring plans to help contain increasing insolvency in the shipping industry and to revamp the industry so as to strengthen its competitiveness in the global market...

    *Please read the attached file for details.

  • pdf Restructuring of Shipping Companies.pdf
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  • 02 / 27 / 2009
  • Corrections for The Economist Article

  • The Ministry of Strategy and Finance and the Financial Services Commission issue the following explanations to correct factual errors and questionable assertions made in the article titled "Domino theory" published by 'The Economist' on February 26, 2009.

    *Please read the attached file for details.
  • pdf Corrections for The Economist Article.pdf
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  • 02 / 27 / 2009
  • Korean Banking sector

  • The FSC would like to clarify the difference between current figures of Korean banks' external debts and borrowings in foreign currencies reported by the Bank of Korea.

    *Please read the attached file for details.
  • pdf KOREAN BANKING SECTOR.pdf
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  • 02 / 25 / 2009
  • Bank Recapitalization Fund Formation and Operation

  • The specific plans to launch and operate the Bank Recapitalization Fund have been announced for the purpose of enabling banks to take upon the leading role in shoring up real economic sectors and the on-going restructuring programs...

    *Please read the attached file for details.
  • pdf Bank Recapitalization Fund Formation and Operation.pdf
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  • 02 / 24 / 2009
  • Remodeling Currency Futures Products Market

  • In response to increasing demand for Currency Futures Products (CFPs) for hedging purpose, especially by corporate international traders, the Financial Services Commission and Korea Exchange (KRX) have decided to push ahead with "remodeling" the currency futures market...

    *Please read the attached file for details.
  • pdf Remodeling Currency Futures Products Market.pdf
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  • 02 / 19 / 2009
  • Corporate Restructuring Strategic Directions

  • Amid the global financial crisis in an effort to prevent financial defaults in financial markets, the Korean government has decided to pursue quick and effective restructuring measures....
    *Please read the attached file for details.

  • pdf Corporate Restructuring Strategic Directions.pdf
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