Press Release
  • FSC Tightens Mortgage Rules to Curb Speculative Demand in Housing Market
    FSC Tightens Mortgage Rules to Curb Speculative Demand in Housing Market

    FSC Tightens Mortgage Rules to Curb Speculative Demand in Housing MarketAugust 2, 2017

    FSC will tighten loan-to-value(LTV) and debt-to-income(DTI) rules to curb speculative demand in some bubble-prone areas, as part of the government's effort to stabilize housing prices. * Please read the attached file for details.
  • Korea's Second Internet-only Bank Open for Service
    Korea's Second Internet-only Bank Open for Service

    Korea's Second Internet-only Bank Open for ServiceJuly 27, 2017

    KakaoBank, Korea's second internet-only bank, officially launched for service on July 27 after twenty months of preparation since the FSC granted preliminary approval. *please read the attached file for details.
  • FSC Chairman Announces Financial Policy Roadmap
    FSC Chairman Announces Financial Policy Roadmap

    FSC Chairman Announces Financial Policy RoadmapJuly 26, 2017

    FSC Chairman Choi Jongku had his first meeting with the press since taking office and announced financial policy direction under the Moon Jae-in administration.
  • FSC Identifies D-SIBs for 2018
    FSC Identifies D-SIBs for 2018

    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 Review
    FSC Held Market Monitoring Meeting on Results of MSCI 2017 Market Classification Review

    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 Merchants
    Credit Card Merchant Fees To Be Lowered for More Small Merchants

    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 Restructuring
    New Approach to Corporate Restructuring

    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 Service
    Korea's 1st Internet-only Bank Open for Service

    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
    FSC Holds Emergency Meeting on Financial Markets after Court Ruling on Presidential Impeachment

    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
    Financial Policy Direction for 2017

    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.