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  • 04 / 30 / 2012
  • Resumption of Privatization Plan for Woori Finance Holdings

  • The Public Funds Oversight Committee has held the 52nd Meeting on April 27 and approved the KDIC’s plan to resume the sale process of Woori Finance Holdings.
  • pdf 120430 - Woori Privatization.pdf
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  • 04 / 16 / 2012
  • Establishment of Korea New Exchange

  • The FSC announced its plan for creating a stock exchange exclusively for SMEs, tentatively named ‘Korea New Exchange (KONEX)’, in order to facilitate direct financing of venture start-ups and SMEs through the capital market.

    *Please read the attached file for details.

  • pdf 120416 - KONEX.pdf
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  • 04 / 13 / 2012
  • FSC Announcement on North Korea's Rocket Launch

  • Regarding North Korea’s launch of a long-range rocket, the FSC has convened an Emergency Meeting this morning discussing the possible effects to Korea’s financial markets and countermeasures for any excessive volatility.
  • pdf 120413_North Korea rocket launch.pdf
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  • 03 / 29 / 2012
  • FSC Signs MOU with Vietnamese Finance Ministry for Cooperation in Insurance Supervision

  • The FSC Chairman Kim Seok-dong and the Vietnamese Finance Minister Vuong Dinh Hue signed an MOU on March 29, 2012 to expand bilateral cooperation and information sharing in supervision of the insurance sector.

    *Please read the attached file for details.

  • pdf 120329_FSC-VFM MOU.pdf
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  • 03 / 19 / 2012
  • Chungwoo Suh Appointed to the IASB

  • The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), announced today the appointment of Chungwoo Suh as a member of the IASB for an initial five-year term from 1 July 2012 and renewable for a further three-year term.

    *Please read the attached file for details.

  • pdf 120319 - Chungwoo Suh appointed to the IASB.pdf
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  • 03 / 12 / 2012
  • Reporting System of High-Volume Short Sales

  • Since the global financial crisis, major economies have adopted a reporting regime for high-volume short sales in line with global discussions to enhance transparency of short selling.

    *Please read the attached file for details.

  • pdf 120312 - Short Positions Reporting.pdf
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  • 03 / 06 / 2012
  • Plan for Improving Loan Approval Process for SMEs

  • The FSC has come up with a set of plans to improve the loan approval process for SMEs by reforming the immunity system for bank officials; fostering an SME-specialized credit bureau (CB); and improving banks’ collateral evaluation system.
  • pdf 120228 - SME Loan Approval Process.pdf
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  • 03 / 02 / 2012
  • Measures on Non-Banking Sector's Household Lending

  • The Korean government announced last year “Comprehensive Measures on Household Debt”(June 29, 2011) and “Measures to Increase Accessibility of Low-income Households to Financial Services”(April 15, 2011) to preemptively manage household debt growth.

    *Please read the attached file for details.

  • pdf 120227 - Household Lending by Non-Banking Sector.pdf
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