Bank of Korea

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    Securities / Derivatives

    BOK Forms Work Group to Promote Greater Use of KOFR

    By Manesh Samtani | 03/04/2024

    Policymakers and industry participants are concerned that the widely-used CD rate may not be recognised internationally in the future.

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    Korea, Poland to Strengthen Financial Industry Collaboration

    By Editors | 31/03/2024

    The FSC is seeking to boost supervisory cooperation with Polish authorities and more permits for Korean banks to operate in the country.

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    Korea Unveils Several New Initiatives to Finance Businesses

    By Mark Johnston | 30/03/2024

    The new financial support measures are aimed at supporting SMEs, vulnerable businesses, regional revitalisation projects, and technology firms.

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    ESG / Sustainability

    S. Korea: Banks, Insurers to Conduct Climate Stress Tests in H2

    By Mark Johnston | 28/03/2024

    The BOK and FSS will create climate scenarios in H1 which 15 financial firms will have to use in stress tests in H2.

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    Korea: Woori Achieves Full Privatisation 26 Years After Bailout

    By Editors | 15/03/2024

    Woori Financial Group, born through a merger of banks in the aftermath of the Asian financial crisis in 2018, is now fully privatised.

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    Market Infrastructure

    Korea to Extend FX Market Closing Time from 24 July

    By Sanday Chongo Kabange | 29/02/2024

    Starting 24 July, the domestic FX market will close at 2am local time, a change that is expected to attract more foreign investors.

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    Market Infrastructure

    South Korea Eases FX Regulations to Attract Foreign Investors

    By Sanday Chongo Kabange | 22/02/2024

    The updated regulations will enable foreign investors easier access to local currency and simplify complex procedures.

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    Capital / Liquidity

    BOK Governor Discusses Measures to Prevent Digital Bank Runs

    By Sanday Chongo Kabange | 20/02/2024

    Governor Rhee Chang-yong said the Bank of Korea is considering allowing NBFIs to use its lending facility.

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    Capital / Liquidity

    S Korea: DGB Daegu Bank Applies to Convert Banking Licence

    By Editors | 14/02/2024

    If approved, Daegu Bank will be the first to take advantage of a recent regulatory amendment that expedites the process of converting a regional bank to a commercial bank.

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    Market Infrastructure

    Korea to Reform FX Market to Attract Foreign Investors

    By Sanday Chongo Kabange | 08/02/2024

    Reforms will address settlement failure risks. Pilot run to extend trading hours kicked off. Foreign FIs now have access to Korean FX market.

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