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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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  • 01 / 30 / 2012
  • Approval for HFG's Acquisition of KEB

  • The FSC approved Hana Financial Group (HFG)’s acquisition of Korea Exchange Bank (KEB) at its regular meeting on January 27, 2012.

    *Please read the attached file for details.

  • pdf 120127 - Hana-KEB.pdf
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  • 01 / 06 / 2012
  • 2012 Financial Policy Agenda

  • As Europe’s ongoing debt crisis is expected to threaten global economic growth and increase volatility in global financial markets next year, Korea is also likely to face an economic slowdown, which will deal a severe blow particularly to SMEs and low-income households. Under such circumstances, the FSC set three main financial policy goals with six key objectives for 2012.


    *Please read the attached file for details.

  • pdf 2012 Financial Policy Agenda.pdf
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