Financial Services Commission

FSC to Propose a Bill on P2P LendingFebruary 11, 2019

The FSC plans to propose a bill on peer-to-peer(P2P) lending to help P2P sector grow into one of innovative fintech services and provide both investors and borrowers with better protection.

FSC to Propose a Bill on P2P Lending 190211 FSC to Propose Bill on P2P Lending.pdf(200 KB)

Korea Next Exchange (KONEX) to be RevitalizedJanuary 30, 2019

FSC Chairman Choi JongKu announced a plan for revitalizing KONEX at a meeting with young entrepreneurs and venture capital investors.

Korea Next Exchange (KONEX) to be Revitalized 190129_KONEX to be revitalized.pdf(223 KB)

Follow-up Measures for Capital Market ReformJanuary 21, 2019

The FSC will introduce a new category of brokerage companies specialized in capital raising business for SMEs & venture companies. Moreover, in order to broaden and diversity a pool of professional investors, the FSC plans to ease registration requirements and relevant procedures

Follow-up Measures for Capital Market Reform 190121_Follow-up measures for capital markets reform.pdf(201 KB)

Fintech Policy Direction for 2019January 16, 2019

FSC Chairman Choi JongKu outlined the FSC's policy priorities for fintech innovation in 2019 at a meeting with fintech entrepreneurs, financial institution executives and investors.

Fintech Policy Direction for 2019 190116_2019 Fintech Policy.pdf(190 KB)

FSC to Approve Additional Online-only BanksDecember 24, 2018

The FSC announced its plans to approve additional online-only banks as the Special Act on the Establishment and Operation Online-only Banks takes effect on January 17, 2019.

FSC to Approve Additional Online-only Banks 181221 Additional online-only banks.pdf(186 KB)

Large Kospi-listed Companies to Make Mandatory Disclosure of Key Information About Corporate Governance From 2019December 19, 2018

The FSC approved amendments to the KRX's Kospi Market Disclosure Regulations.

Large Kospi-listed Companies to Make Mandatory Disclosure of Key Information About Corporate Governance From 2019 181219 Mandatory Disclosure of Corporate Governance from 2019_FN.pdf(212 KB)

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.

Financial Innovation Support Act Passed in the National Assembly 181210_Financial Innovation Support Act.pdf(185 KB)

FSC Reforms Card Processing Fee RatesNovember 26, 2018

The FSC plans to reform card fee rates as part of the government's efforts to ease burdens on small merchants and self-employed business owners.

FSC Reforms Card Processing Fee Rates 181126_Card Processing Fees.pdf(187 KB)

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.

SFC 181114 SFC Final Ruling on Samsung BioLogics.pdf(96 KB)

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 Proposes Capital Market Reform 181101_Capital Market Reform Proposed.pdf(208 KB)