Press Release
  • Fintech Policy Direction for 2019
    Fintech Policy Direction for 2019

    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.
  • FSC to Approve Additional Online-only Banks
    FSC to Approve Additional Online-only Banks

    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.
  • Large Kospi-listed Companies to Make Mandatory Disclosure of Key Information About Corporate Governance From 2019
    Large Kospi-listed Companies to Make Mandatory Disclosure of Key Information About Corporate Governance From 2019

    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.
  • Financial Innovation Support Act Passed in the National Assembly
    Financial Innovation Support Act Passed in the National Assembly

    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.
  • FSC Reforms Card Processing Fee Rates
    FSC Reforms Card Processing Fee Rates

    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.
  • SFC's Final Ruling on Samsung BioLogics
    SFC's Final Ruling on Samsung BioLogics

    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 Reform
    FSC Proposes Capital Market Reform

    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 Conditions
    FSC Holds Meeting on Financial Market Conditions

    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 Standard
    Debt Service Ratio to be Introduced as Household Debt Management Standard

    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 Bank
    Enforcement Decree of the Special Act on the Establishment and Operation of Online-only Bank

    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.'