Financial Innovation Support Act Passed in the National AssemblyDecember 10, 2018

National Assembly passed a legislation called the Financial Innovation Support Act on December 7, 2018.

SFC's Final Ruling on Samsung BioLogicsNovember 14, 2018

The SFC ruled that Samsung BioLogics intentionally violated accounting rules by changing the accounting treatment of its holdings in Samsung Bioepis in 2015.

FSC Proposes Capital Market ReformNovember 1, 2018

The FSC proposed capital market reform initiatives aimed at facilitating financing for innovative companies through capital markets.

FSC Holds Meeting on Financial Market ConditionsOctober 29, 2018

FSC Vice Chairman Kim Yongbeom convened a meeting with representatives of financial institutions this morning to examine financial market conditions and make sure that Korea's economic and financial conditions are well prepared to deal with the recent market turmoil.

Debt Service Ratio to be Introduced as Household Debt Management StandardOctober 18, 2018

The FSC will introduce DSR rules in conjunction with other lending standards to reduce household indebtedness and rapid household debt growth.

Enforcement Decree of the Special Act on the Establishment and Operation of Online-only BankOctober 17, 2018

The FSC enacted the 'Enforcement Decree of the Special Act on the Establishment and Operation of Online-only Bank.'

Financial Measures to Stabilize Housing PricesSeptember 14, 2018

The FSC announced tighter mortgage rules to curb speculative demand in the housing market, as part of the government's measures to rein in soaring housing prices.

FSC Names 18 Private Firms as Fund Managers of Growth Support FundSeptember 3, 2018

The FSC named 18 private firms as fund managers of the Growth Support Fund, which aims to raise KRW 3 trillion this y ear to support the growth of start-ups.

Regulatory Reform to be Pursued for Online-only BanksAugust 7, 2018

The FSC held an event, attended by President Moon Jae-in, to assess positive changes that Korea's two onlin-only banks have made and discuss challenges ahead for further financial innovation.

FSC Reshuffles Organizational StructureJuly 17, 2018

The FSC plans a major organizational reshuffle to better protect financial consumers and proactively respond to financial innovation in the fourth industrial revolution era.