FSC Identifies D-SIBs for 2018June 28, 2017

The FSC identified on June 28, 2017, four bank holding companies and one bank as domestic systemically important banks (D-SIBs) for 2018. *Please read the attached file for details

FSC Held Market Monitoring Meeting on Results of MSCI 2017 Market Classification ReviewJune 21, 2017

FSC Vice Chairman Jeong Eun-bo held a meeting on June 21 with officials from relevant agencies to discuss the impact of the MSCI’s 2017 Market Classification Review and the government’s responses. * Please read the attached file for details.

Credit Card Merchant Fees To Be Lowered for More Small MerchantsJune 21, 2017

The FSC proposed amendments to the Enforcement Decree of the Specialized Credit Financial Business Act to lower credit card merchant fees for small businesses with annual sales of KRW 500 million or less. * Please read the attached file for details.

New Approach to Corporate RestructuringApril 13, 2017

FSC Chairman had a meeting with commercial bank CEOs on April 13 to set out a new approach to corporate restructuring.

Korea's 1st Internet-only Bank Open for ServiceApril 3, 2017

'K bank', Korea's first internet-only bank is officially launched on April 3 for service. *Please read the attached file for details.

FSC Holds Emergency Meeting on Financial Markets after Court Ruling on Presidential Impeachment March 13, 2017

FSC Chairman Yim Jong-yong convened an emergency meeting on Sunday, March 12 with top officials from the Financial Supervisory Service(FSS) and other relevant financial institutions to monitor market effects and discuss policy responses after the Constitutional Court’s decision on last Friday to uphold the parliamentary vote to impeach the cou...

Financial Policy Direction for 2017 January 5, 2017

The FSC outlined its financial policy direction for 2017, focused on (i) prompt and thorough response to financial market risks; (ii) financial support for stabilization of household livelihood; and (iii) financial reforms and innovation to revitalize the economy.

FSC Identifies D-SIBs for 2017December 29, 2016

The FSC identified domestic systemically important bank (D-SIBs) for 2017: Shinhan Financial Group, Hana Financial Group, KB Financial Group, NH Financial Group and Woori Bank. ​ *Please read the attached file for the details.

FSC Approves Korea's 1st internet-only BankDecember 14, 2016

The Financial Services Commission held its regular meeting on December 14 and granted final approval for ‘K-Bank’, Korea’s first Internet-only bank. *Please read the attached file for details

FSC Holds Emergency Meeting on Financial Markets after Impeachment VoteDecember 11, 2016

FSC Chairman Yim Jong-yong convened an emergency meeting on Sunday, December 11 with top officials from the Financial Supervisory Service(FSS) and other relevant financial institutions to monitor market effects and discuss policy responses after parliament's impeachment vote last Friday. * Please read the attached file for details.