Press Release
  • FSC Statement on Measures for Financial Market Stability in Response to
    FSC Statement on Measures for Financial Market Stability in Response to

    FSC Statement on Measures for Financial Market Stability in Response toJune 24, 2016

    FSC Chairman Yim Jong-yong convened an emergency meeting immediately after the U.K.'s decision to leave the EU in order to review its impact on the Korean economy and measures to stabilize financial markets. * Please read the attached file for details.

  • Foreign Currency Liquidity Coverage Ratio (LCR) Will Apply to Banks from 2017
    Foreign Currency Liquidity Coverage Ratio (LCR) Will Apply to Banks from 2017

    Foreign Currency Liquidity Coverage Ratio (LCR) Will Apply to Banks from 2017June 16, 2016

    The FSC will introduce foreign currency liquidity ratio (LCR) rule starting 2017, which requires commercial banks to hold 60% of their foreign exchange debt in high-quality liquid assets to withstand a 30-day net cash outflow in systemic risks. * Please read the attached file for details.

  • FSC Statement on Results of MSCI 2016 Market Classification Review
    FSC Statement on Results of MSCI 2016 Market Classification Review

    FSC Statement on Results of MSCI 2016 Market Classification ReviewJune 15, 2016

    FSC Vice Chairman Jeong Eun-bo held a meeting on June 15 with officials from relevant agencies to discuss the government's responses, following MSCI's announcement of 2016 Market Classification Review. * Please read the attached file for details.

  • Restructuring Plan for Shipping & Shipbuilding Industries and Measures for Recapitalization of Policy Banks
    Restructuring Plan for Shipping & Shipbuilding Industries and Measures for Recapitalization of Policy Banks

    Restructuring Plan for Shipping & Shipbuilding Industries and Measures for Recapitalization of Policy BanksJune 8, 2016

    The government held a ministerial meeting chaired by Deputy Prime Minister to discuss restructuring plans for shipping & shipbuilding industries and measures to boost capital at state-run banks to fund the restructuring. * Please read the attached file for details.

  • Comprehensive Measures for Management of Household Debt
    Comprehensive Measures for Management of Household Debt

    Comprehensive Measures for Management of Household DebtMay 26, 2016

    The government announced its new set of measures to manage the growth of household debt in a stable manner in response to the recent surge in household debt.* Please read the attached file for details.

  • Test Operation of Omnibus Account
    Test Operation of Omnibus Account

    Test Operation of Omnibus AccountMay 24, 2016

    The FSC/FSS and relevant agencies will launch a test operation of 'omnibus account' starting from May 25 with four standing proxies, two securities firms and one global financial investment company.* Please read the attached file for details.

  • FSC Statement on HMM Negotiations
    FSC Statement on HMM Negotiations

    FSC Statement on HMM NegotiationsMay 20, 2016

    Following is the FSC statement released on Friday, 20th May in regard with charter rate negotiations between HMM and ship owners. * Please read the attached file for details.

  • Corporate Restructuring Plan
    Corporate Restructuring Plan

    Corporate Restructuring PlanApril 26, 2016

    The government outlined its plan for restructuring vulnerable industries and financially distressed companies, which will be proceeding on three tracks. * Please read the attached file for details.

  • FSC Announced CCyB Rate for Korea
    FSC Announced CCyB Rate for Korea

    FSC Announced CCyB Rate for KoreaMarch 30, 2016

    The Financial Services Commission established the domestic regulatory basis for CCyB on December 16, 2015, with the amendment to the Regulation on Supervision of Banking Businesses.* Please read the attached file for details.

  • Plan to Stimulate Financial Advisory Services
    Plan to Stimulate Financial Advisory Services

    Plan to Stimulate Financial Advisory ServicesMarch 24, 2016

    The FSC outlined its plan to stimulate financial advisory services in response to growing demand of financial consumers for more accessible and more tailored financial advisory services. * Please read the attached file for details.