FSC Identifies D-SIBs for 2020June 26, 2019

The FSC identified five bank holding companies as domestic systemically important bank holding companies, and their subsidiary banks as domestic systemically important banks (D-SIBs) for 2020.

Fifth Batch of Financial Service Providers Designated as 'Innovative Financial Services' for FSC's Regulatory SandboxJune 26, 2019

The FSC designated additional five financial service providers as 'innovative financial services' to be accepted into financial regulatory sandbox.

FSC to Ease Listing Rules for Tech Start-ups & Scale-upsJune 26, 2019

The FSC approved amendment proposals by the KRX to ease listing regulations on Kospi and Kosdaq to facilitate IPOs of innovative tech start-ups and scale-ups.

Government to Complete Privatization of Woori Financial Group by 2022June 25, 2019

The FSC announced its plan to sell the remaining 18.3% stake in Woori Financial Group (WFG), owned by the Korea Deposit Insurance Corporation (KDIC), from 2020 to 2022.

FSC to Overhaul Authorization Scheme for Financial Investment BusinessJune 25, 2019

The FSC plans to overhaul the current authorization scheme for financial investment business in order to bring fresh competition and boost vitality in capital markets.

Electronic Securities System to be IntroducedJune 18, 2019

Securities certificates of listed stocks and bonds will be issued electronically only, not in physical form, starting from September 16, 2019.

FSC to Reform Benchmark Interest RatesJune 17, 2019

The FSC and the Bank of Korea (BOK) jointly launched a taskforce to develop a new benchmark interest rate, which aims to replace the current benchmark interest rate of certificate of deposits (CDs) by 2021.

FSC to Extend Guidelines for Comprehensive Supervision on Financial ConglomeratesJune 12, 2019

The FSC decided to extend the best practice guidelines for comprehensive supervision of financial conglomerates for another year with some revisions.

Fourth Batch of Financial Service Providers Designated as 'Innovative Financial Services' for FSC's Regulatory SandboxJune 12, 2019

The FSC designated additional six financial service providers as 'innovative financial services' to be accepted into financial regulatory sandbox.

FSC Announces Plans to Establish Financial Big Data InfrastructureJune 3, 2019

The FSC announced its plans for financial big data infrastructure, as part of the government's wider efforts to promote digital economy with the use of big data.