Bank of Korea

ESG / Sustainability

Korean Regulators Reveal Results of Climate Change Stress Test

By Thisanka Siripala | 19/03/2025

Under a scenario where no action is taken to reduce emissions, financial firms would face KRW 45.7 trillion in losses by 2100.

Enforcement

S. Korean Prosecutors Raid IBK Offices Over Loan Scandal

By Mark Johnston | 19/03/2025

South Korean prosecutors have raided the offices of former and current IBK employees suspected of involvement in illegal loan activities.

Capital / Liquidity

Korea to Remove Restrictions on Bank Investment in Kimchi Bonds

By Thisanka Siripala | 12/03/2025

South Korea will also raise the cap on financial institutions’ foreign exchange derivatives trading with domestic companies.

Capital / Liquidity

BOK Relaxes Rules on Use of Foreign Currency Loan Proceeds

By Thisanka Siripala | 04/03/2025

BOK relaxed regulations that have since 2010 only allowed foreign currency loans to be used for overseas purposes with limited exceptions.

Enforcement

Korea FSS Cracks Down on IBK as Loan Fraud Scandal Escalates

By Thisanka Siripala | 26/02/2025

IBK employees were found to have intentionally deleted electronic records related to unfair loans

ESG / Sustainability

Bank of Korea Calls for Green Finance Policy Reforms

By Thisanka Siripala | 20/02/2025

BOK report says a Korean version of transition finance should be introduced to complement green finance.

Capital / Liquidity

South Korea Enhances Shinyup’s Crisis Response Capabilities

By Mark Johnston | 14/02/2025

The mutual finance association commonly known as Shinhyup will be able to more easily borrow funds from the BOK against government bonds it holds.

Enforcement

Korea’s FSS Expands Probe Into IBK’s Fraudulent Loan Scheme

By Thisanka Siripala | 13/02/2025

Fraudulent loans worth KRW 60 billion have been identified, which is more than double the original estimate when the FSS launched its probe last month.

Enforcement

Korea FSS Launches Probe at IBK Over Fraudulent Loans

By Mark Johnston | 17/01/2025

Current and former employees of Industrial Bank of Korea allegedly participated in a KRW 23.95 billion fraudulent loan scheme