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  • 11 / 21 / 2017
  • The 4th UK-Korea Financial Cooperation Forum Held in Seoul

  • The 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

  • pdf 171114_4th_UK_Korea_Financial_Forum[1].pdf
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  • 11 / 01 / 2017
  • Revision to the Act on External Audit of Stock Companies

  • The 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.

  • pdf 170928_Revision to the Act on External Audit of Stock Companies.pdf
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  • 10 / 24 / 2017
  • Comprehensive Measures for Household Debt Management

  • The 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

  • pdf 171024 Comprehensive Measures for Household Debt Management.pdf
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  • 08 / 24 / 2017
  • Rules on Overheated Short Sale Issues to be Amended

  • The FSC and KRX announced a plan to amend regulations regarding overheated short sale issues, which came into force on March 27, 2017 in a bid to better detect overheated short sales and toughen penalties on violations of short-selling rules.

  • pdf 170824_FN_ Rules on Overheated Short Sale Issues to be Amended.pdf
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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
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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
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  • 07 / 26 / 2017
  • FSC Chairman Announces Financial Policy Roadmap

  • FSC 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

  • pdf 170726 FSC Chairman Annouces Financial Policy Roadmap.pdf
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  • 06 / 28 / 2017
  • FSC Identifies D-SIBs for 2018

  • The 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

  • pdf 170628 FSC Identifies D-SIBs for 2018_v2.pdf
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  • 06 / 21 / 2017
  • FSC Held Market Monitoring Meeting on Results of MSCI 2017 Market Classification Review

  • FSC Vice Chairman Jeong Eun-bo held a meeting on June 21 with officials from relevant agencies to discuss the impact of the MSCI’s 2017 Market Classification Review and the government’s responses.

    * Please read the attached file for details.

  • pdf 170621_Market Monitoring Meeting on MSCI Market Review.pdf
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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
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