Press Release
  • FSC Statement on Hanjin Shipping's Filing for Court Receivership
    FSC Statement on Hanjin Shipping's Filing for Court Receivership

    FSC Statement on Hanjin Shipping's Filing for Court ReceivershipAugust 31, 2016

    FSC Vice Chairman Jeong Eun-bo held a meeting on August 31 with officials from relevant agencies to discuss the possible government's responses following Hanjin Shipping's decision to file for court receivership. * Please read the attached file for details.

  • World's First Fintech Open Platform Launched to Ease Develoment of Innovative
    World's First Fintech Open Platform Launched to Ease Develoment of Innovative

    World's First Fintech Open Platform Launched to Ease Develoment of Innovative August 30, 2016

    Fintech Open Platform is launched in Korea for the first time in the world on August 30 in a bid to ease Fintech firms develop innovative financial services.* Please read the attached file for details.

  • Government Decides to Sell Its 30% Stake in Woori Bank to Multiple Buyers
    Government Decides to Sell Its 30% Stake in Woori Bank to Multiple Buyers

    Government Decides to Sell Its 30% Stake in Woori Bank to Multiple BuyersAugust 22, 2016

    The Public Fund Oversight Committee (PFOC) decided to sell the government's 30% stake in Woori Bank to multiple buyers in smaller portions with an aim to close the deal by the end of this year.* Please read the attached file for details.

  • Plan for Nurturing Mega-Investment Banks in Korea
    Plan for Nurturing Mega-Investment Banks in Korea

    Plan for Nurturing Mega-Investment Banks in KoreaAugust 2, 2016

    The FSC announced its plan to nurture mega-investment banks(IBs) in Korea with equity capital of more than KRW 10 trillion by allowing a broader range of new businesses for securities firms with a larger amount of equity capital.* Please read the attached file for details.

  • FSC Statement on Measures for Financial Market Stability in Response to
    FSC Statement on Measures for Financial Market Stability in Response to

    FSC Statement on Measures for Financial Market Stability in Response toJune 24, 2016

    FSC Chairman Yim Jong-yong convened an emergency meeting immediately after the U.K.'s decision to leave the EU in order to review its impact on the Korean economy and measures to stabilize financial markets. * Please read the attached file for details.

  • Foreign Currency Liquidity Coverage Ratio (LCR) Will Apply to Banks from 2017
    Foreign Currency Liquidity Coverage Ratio (LCR) Will Apply to Banks from 2017

    Foreign Currency Liquidity Coverage Ratio (LCR) Will Apply to Banks from 2017June 16, 2016

    The FSC will introduce foreign currency liquidity ratio (LCR) rule starting 2017, which requires commercial banks to hold 60% of their foreign exchange debt in high-quality liquid assets to withstand a 30-day net cash outflow in systemic risks. * Please read the attached file for details.

  • FSC Statement on Results of MSCI 2016 Market Classification Review
    FSC Statement on Results of MSCI 2016 Market Classification Review

    FSC Statement on Results of MSCI 2016 Market Classification ReviewJune 15, 2016

    FSC Vice Chairman Jeong Eun-bo held a meeting on June 15 with officials from relevant agencies to discuss the government's responses, following MSCI's announcement of 2016 Market Classification Review. * Please read the attached file for details.

  • Restructuring Plan for Shipping & Shipbuilding Industries and Measures for Recapitalization of Policy Banks
    Restructuring Plan for Shipping & Shipbuilding Industries and Measures for Recapitalization of Policy Banks

    Restructuring Plan for Shipping & Shipbuilding Industries and Measures for Recapitalization of Policy BanksJune 8, 2016

    The government held a ministerial meeting chaired by Deputy Prime Minister to discuss restructuring plans for shipping & shipbuilding industries and measures to boost capital at state-run banks to fund the restructuring. * Please read the attached file for details.

  • Comprehensive Measures for Management of Household Debt
    Comprehensive Measures for Management of Household Debt

    Comprehensive Measures for Management of Household DebtMay 26, 2016

    The government announced its new set of measures to manage the growth of household debt in a stable manner in response to the recent surge in household debt.* Please read the attached file for details.

  • Test Operation of Omnibus Account
    Test Operation of Omnibus Account

    Test Operation of Omnibus AccountMay 24, 2016

    The FSC/FSS and relevant agencies will launch a test operation of 'omnibus account' starting from May 25 with four standing proxies, two securities firms and one global financial investment company.* Please read the attached file for details.