The plan includes a 'recovery and strengthening' objective, and measures to support the use of liquidity enhancement tools for businesses affected by Covid-19.
The new rules are expected to facilitate the realisation of the "Korean version of Tesla", the US automaker which listed on the Nasdaq in 2010 based on market cap.
Taro Aso said at a press conference that he thinks it’s important to "thrash out" policy measures regarding digital currency issued by central banks.
In a new research paper, the BOK discusses key issues relevant to the issuance of a CBDC, including its design elements and legal and policy implications.
The case involved Patrice Lescaudron, a French banker who was jailed for defrauding clients in 2018 before committing suicide last year following his early release.
The FSC noted that 27 of 40 major global economies are taking similar measures to restrict dividends and share buybacks to ensure financial sector stability.
The FSC's 2021 policy agenda for the financial sector will include measures to bolster risk management while also strengthening competitiveness and facilitating digital innovation.
Internal audit frameworks of select NBFCs and UCBs will have to include an evaluation of the risk management systems and control procedures used in various areas of operations.
The FSC plans to draw up a climate risk management and oversight plan for FIs by March and develop a green taxonomy within H1.
The Ministry of Public Security arrested over 75,000 suspects and shut down thousands of online gambling platforms, payment platforms and underground banks in 2020.