Bank of Korea

Enforcement

Korea’s IBK, Shinyoung Securities Ordered to Compensate Investors

By Thisanka Siripala | 25/04/2025

The decision follows new evidence of asset impairment and sales violations that weren’t considered in an earlier 2021 ruling.

Crypto / Digital Assets

BOK to Expand CBDC Pilot to Include P2P Transfers

By Mark Johnston | 24/04/2025

BOK is set to widen its digital currency trial by adding person-to-person transfers and a digital welfare voucher system.

Enforcement

IBK’s Union to Pay Rewards for Whistleblower Reports

By Thisanka Siripala | 17/04/2025

The union representing IBK employees have introduced an initiative that incentivises whistleblowers for reporting misconduct.

Capital / Liquidity

BOK Warns of Overconcentration of Bank Credit in Real Estate

By Nithya Subramanian | 08/04/2025

BOK called for tighter capital regulations and stronger incentives to redirect funding toward more productive industries.

Enforcement

Korean Prosecutors Search IBK Headquarters in Unfair Loans Case

By Editors | 06/04/2025

An anti-corruption investigation team from the Seoul Central District Prosecutors’ Office conducted searches and seizures at the IBK headquarters and branches.

Market Infrastructure

Korea Introduces Incentives to Boost Late-Night FX Trading

By Nithya Subramanian | 04/04/2025

Korea’s MOEF and central bank plan to reward top-performing institutions to attract more foreign FIs to the domestic forex market.

Fintech / Regtech

FSC Korea Launches Specialised Dataset to Advance AI Use in Financial Sector

By Nithya Subramanian | 03/04/2025

The dataset was developed in recognition that most AI models are trained using mostly English language and general data, making them less useful in Korea.

Enforcement

Korea: IBK Announces Reform Plan to Prevent Future Loan Misconduct

By Manesh Samtani | 28/03/2025

IBK employees approved inappropriate loans worth KRW 882 billion, more than 3.5 times the amount initially disclosed in January.

Capital / Liquidity

FSC Korea to Produce Guidelines on Shipbuilder Financing

By Manesh Samtani | 26/03/2025

The FSC is trying to encourage banks to be less conservative when considering whether to issue refund guarantees to shipbuilders.