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  • 06 / 30 / 2011
  • Guidelines on Covered Bond Issuance

  • The FSC/FSS set up guidelines on the issuance of covered bonds by banks, as one of follow-up measures to implement the Comprehensive Measures on Household Debt. The guidelines are intended to provide a framework for covered bond issuances, diversifying banks¡¯ financing instruments and encouraging banks to offer more long-term and fixed-rate mortgage loans instead of short-term and floating-rate ones.

    *Please read the attached file for details.

  • pdf 110629 - Guidelines on Covered Bond Issuance.pdf
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  • 06 / 29 / 2011
  • Comprehensive Measures on Household Debt

  • The government has responded to household debt problems with a series of policy measures in order to enhance the soundness of household debt and financial institutions and at the same time to ensure low-income households¡¯ access to loans.

    *Please read the attached file for details.

  • pdf 110629_Comprehensive Measures on Household Debt.pdf
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  • 06 / 15 / 2011
  • Revision of Loan-loss Reserve Requirements on Credit Card Assets

  • The FSC has agreed upon the revision of the Regulation on Supervision of Specialized Credit Financial Business and the Regulation on Supervision of Banking Business on loan-loss reserve requirements on credit card assets.

    *Please read the attached file for details.

  • pdf Revision of Loan-loss Reserve Requirements on Credit Card Assets.pdf
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  • 06 / 08 / 2011
  • Progress Report on the Private Equity Funds Market in Korea

  • Private Equity Funds (PEFs)* were introduced to Korea¡¯s capital markets with the amendments to the Indirect Investment Asset Management Business Act (integrated into Financial Investment Services & Capital Markets Act in 2007) on December 6, 2004 in order to promote corporate restructuring, M&As and to diversify investment instruments.

    *Please read the attached file for details.

  • pdf 110607_PEF.pdf
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  • 06 / 07 / 2011
  • Tougher Regulations to Prevent Excessive Competition among Credit Card Companies

  • The Financial Services Commission and the Financial Supervisory Service have unveiled tougher regulations to pre-empt possible problems caused by excessive competition among credit card companies (including banks with credit card units) in pursuit of external growth such as excessive credit card issuance and card lending.

    *Please read the attached file for details.

  • pdf 110607_Credit Card Companies.pdf
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  • 05 / 27 / 2011
  • Additional Measures to Improve the Soundness of ELW Market

  • As Korea¡¯s ELW market has rapidly grown in a short period of time, problems such as overheated investment and soaring investment losses have surfaced; therefore, the FSC introduced some measures (e.g., introduction of mandatory investor orientation course, stricter assessment of LP performance and preventive measures against potential unfair trading practices) in November 2010 to create a sound market environment for ELW trading.

    *Please read the attached file for details.

  • pdf 110520 - ELW Market.pdf
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  • 05 / 19 / 2011
  • Korea to Chair FSB T/F on EMDE Issues

  • The G20 leaders at the Seoul Summit held in November 2010 agreed to put financial regulatory reform issues viewed from the perspectives of emerging countries on G20 agenda ,and asked the FSB, IMF and World Bank to submit a progress report prior to G20 Cannes Summit in November 2011.

    *Please read the attached file for details.

  • pdf 110519 - TF for EMDE.pdf
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  • 05 / 17 / 2011
  • Privatization Plan for Woori Finance Holdings

  • The Public Funds Oversight Committee has held the 34th Meeting today and decided to re-initiate the sale of the Korea Deposit Insurance Corporation¡¯s 56.97% stake in Woori Finance Holdings.

    *Please read the attached file for details.

  • pdf 110517 - Woori Privatization.pdf
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  • 05 / 17 / 2011
  • Internal Rules on Corporate Governance in Banks

  • Corporate governance in banks can have a significant impact on the interests of shareholders and customers; therefore, banks¡¯ governance rules need to be made public.

    *Please read the attached file for details.

  • pdf 110517 - Internal Governance Rules.pdf
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  • 05 / 02 / 2011
  • Project Financing Stabilization Bank

  • The main purpose of creating the Project Financing Stabilization Bank (¡°the PFS Bank¡± hereafter) is to create an entity where all the project financing loans taken out on a project construction site can be pooled together and purchased by one bank, thereby simplifying the valuation and enabling the PFS Bank to take firm actions to restructure and stabilize the industry on an individual project basis.

    *Please read the attached file for details.

  • pdf 110501 - PFS Bank.pdf
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