Government Prepares to Launch Asia Region Funds PassportOctober 31, 2019

The FSC's proposal to revise the Financial Investment Services and Capital Markets Act for the implementation of the Asia Region Funds Passport was passed at the National Assembly on October 31.

Open Banking Launched in Banking SectorOctober 30, 2019

The open banking system will be pilot-launched in the banking sector on October 30. During the pilot-run period, the government will conduct a comprehensive assessment of the system and make adjustments if necessary before opening the system to fintech firms on December 18.

Government to Strengthen Financial Cooperation with ASEAN and IndiaOctober 29, 2019

FSC Vice Chairman Sohn Byungdoo met with envoys from the Association of Southeast Asian Nations member countries and India on October 28, and held talks on ways to further develop the financial industry in the region and increase cooperation.

FSC Tightens Regulation on Violation of Short-selling RulesOctober 18, 2019

The FSC introduced a revised measure to strengthen regulation on the violation of short-selling rules on October 17.

FSC Receives Three Applications for Internet-only Bank LicenseOctober 15, 2019

The FSC announced that Toss Bank consortium, Soso Smart Bank and Familia Smart Bank have submitted their applications for preliminary license to operate internet-only bank.

FSC Proposes Measures To Boost Venture Capital InvetstmentSeptember 27, 2019

The FSC unveiled measures to boost venture capital investment in innovative business, which include the introduction of a Business Development Company (BDC) and diversification of fundraising channels.

Electronic Securities System Launched September 16, 2019

Korea's electronic securities system was launched on September 16, 2019, opening a new era for digitization of securities.

FSC Reforms Large Shareholder Reporting Rules September 6, 2019

The FSC plans to amend the 5% rule in an effort to support institutional investors' shareholder activities.

Guidelines on Financail Companies' Investment in Fintech Business September 4, 2019

The FSC announced regulatory guidelines to facilitate financial companies' investment in fintech business.

Pool of Professional Investors to be ExpandedAugust 13, 2019

Amendments to the Enforcement Decree of the Financial Investment Services and Capital Markets Act (FSCMA) were approved at a cabinet meeting on August 13, 2019.