Press Release
  • Plan for Comprehensive Supervision of Financial Conglomerates
    Plan for Comprehensive Supervision of Financial Conglomerates

    Plan for Comprehensive Supervision of Financial ConglomeratesFebruary 2, 2018

    The FSC outlined its plan to introduce a comprehensive supervisory framework for financial conglomerate, one of the government's financial reform agendas.
  • Financial Measures to Curb Speculation in Cryptocurrency Trading
    Financial Measures to Curb Speculation in Cryptocurrency Trading

    Financial Measures to Curb Speculation in Cryptocurrency TradingJanuary 23, 2018

    The FSC announced measures that only allow accounts with a users' real name to be used in cryptocurrency trading and introduce banks a 'Cryptocurrency-related AML Guideline.'
  • Financial Policy Roadmap for 2018
    Financial Policy Roadmap for 2018

    Financial Policy Roadmap for 2018January 17, 2018

    The FSC announced its financial policy roadmap for 2018 outlining financial policy plans to promote innovation in finance and support innovation-led, sustainable growth for the Korean economy.
  • Measures to Vitalize Kosdaq Market
    Measures to Vitalize Kosdaq Market

    Measures to Vitalize Kosdaq MarketJanuary 11, 2018

    The FSC announced measures for vitalizing the Kosdaq market to support the growth of start-ups and venture businesses.
  • KoFIU and FSS Inpect Banks over Cryptocurrency Trading Accounts
    KoFIU and FSS Inpect Banks over Cryptocurrency Trading Accounts

    KoFIU and FSS Inpect Banks over Cryptocurrency Trading AccountsJanuary 8, 2018

    Korea Financial Intelligence Unit (KoFIU) and Financial Supervisory Service (FSS) started to carry out joint investigations today on six commercial banks that are offering trading accounts to cryptocurrency exchanges in Korea.
  • The 4th UK-Korea Financial Cooperation Forum Held in Seoul
    The 4th UK-Korea Financial Cooperation Forum Held in Seoul

    The 4th UK-Korea Financial Cooperation Forum Held in SeoulNovember 14, 2017

    The Korean Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) hosted the fourth UK-Korea Financial Forum in Seoul today with the UK Treasury, the Financial Conduct Agency (FCA) and the British Embassy. *please read the attached file for details
  • Revision to the Act on External Audit of Stock Companies
    Revision to the Act on External Audit of Stock Companies

    Revision to the Act on External Audit of Stock CompaniesNovember 1, 2017

    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.

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

    Comprehensive Measures for Household Debt ManagementOctober 24, 2017

    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.
  • FSC Tightens Mortgage Rules to Curb Speculative Demand in Housing Market
    FSC Tightens Mortgage Rules to Curb Speculative Demand in Housing Market

    FSC Tightens Mortgage Rules to Curb Speculative Demand in Housing MarketAugust 2, 2017

    FSC will tighten loan-to-value(LTV) and debt-to-income(DTI) rules to curb speculative demand in some bubble-prone areas, as part of the government's effort to stabilize housing prices. * Please read the attached file for details.
  • Korea's Second Internet-only Bank Open for Service
    Korea's Second Internet-only Bank Open for Service

    Korea's Second Internet-only Bank Open for ServiceJuly 27, 2017

    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.