Bank of Korea

Capital / Liquidity

South Korea to Participate in Global Bank Stress Test

By Editors | 27/04/2023

South Korea is not required to join the test as none of its banks are classified as G-SIBs, but it is nonetheless joining in order to better monitor global contagion risks.

Crypto / Digital Assets

Lawmakers to Grant BOK Powers to Obtain Data from Crypto Firms

By Editors | 25/04/2023

Bank of Korea has expressed concerns that financial stability risks could be transmitted from the crypto market to traditional finance.

FSC Korea Unveils Policy Measures to Bolster Startup Ecosystem

By Editors | 11/04/2023

The measures aim to address the challenges startups and venture capital firms face amid a slump in investment sentiment.

Crypto / Digital Assets

Digital Asset Developments in South Korea: Balancing Innovation and Risk

By Rahul Advani | 15/03/2023

South Korea’s thoughtful approach to regulating digital assets will foster growth and innovation and result in a more vibrant and inclusive digital economy, say Rahul Advani and Angela Ang.

Crypto / Digital Assets

South Korea Issues First Independent DPRK Sanctions

By Editors | 12/02/2023

The sanctions came hours after South Korea and the US released a joint cybersecurity advisory detailing the threat posed by North Korean ransomware actors.

Market Infrastructure

South Korea to Start Opening Up Domestic FX Market

By Manesh Samtani | 08/02/2023

In 2024, the interbank FX market will be opened to offshore financial firms that become certified as ‘registered foreign institutions’.

Capital / Liquidity

FSC Korea Unveils 12 Policy Initiatives in 2023 Work Plan

By Manesh Samtani | 31/01/2023

The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.

Crypto / Digital Assets

BOK Seeks Legal Authority to Regulate Stablecoins

By Editors | 17/12/2022

BOK says stablecoins pegged to foreign currencies should be subject to foreign exchange laws, while those pegged to the Korean won should fall under the central bank’s regulatory remit.

Sanctions

US, Korea, Japan Sanction DPRK Over Missile Tests

By Manesh Samtani | 05/12/2022

The sanctions were imposed in response to recent ballistic missile tests, including one that had enough range to reach the US mainland.