BANK OF KOREA

S. Korea Probes Four Foreign Banks on Derivatives

By Editors | 15/10/2015

The Financial Supervisory Service is looking into the derivatives transactions of four foreign banks which have jumped abnormally amid a gradual decline among other banks since since last year.

S. Korea Regulator to Task Overhaul of Debt-Laden Companies

By Editors | 21/09/2015

South Korea’s Financial Services Commission will charge a leading bad asset management firm to overhaul debt-laden companies in an effort to speed up the country’s corporate restructuring program.

S Korea’s FSC Aims to Get More Banks to Fund Fintech Firms

By Editors | 07/05/2015

South Korea’s Financial Services Commission (FSC) said the state-run policy lenders Korea Development Bank and the Industrial Bank of Korea will allocate 200 billion won ($184.9 million) in funds this year to support financial technology companies or fintech.

S. Korea’s New FSC Chief Seen Pushing for Deregulation

By Editors | 24/02/2015

Financial Services Commission chairman designate Yim Jong-yong is expected to relax regulations governing asset and capital at financial firms, say officials and analysts.

Bank Loans to S. Korean Startups Surge Amid Govt Push

By Editors | 23/02/2015

Bank loans to small companies in South Korea increased at the fastest pace in six years in 2014, amid pressure from the government to support startups and firms with high-level technologies.

S. Korea Central Bank Names 12 Banks for Yuan-Won Market

By Editors | 04/11/2014

South Korea’s central bank has designated 12 banks as market makers for direct yuan-won transactions, which open mid next month.

S. Korean Watchdog Probes Banks for Rate-Rigging

By Editors | 27/08/2014

South Korea’s Fair Trade Commission has launched a probe into four major commercial banks on allegations that the lenders colluded on setting deposit and lending rates after the central bank’s policy rate cut.

S. Korea Stresses Role of Central Bank for Sustainable Growth

By Editors | 05/06/2014

South Korea’s top central banker highlighted the increasing role of central banks in achieving sustainable economic growth following the global financial crisis.

Securities / Derivatives

Malaysia, S. Korea Launch Currency Swap Facility

By Editors | 27/05/2014

Bank Negara of Malaysia and the Bank of Korea have launched a currency swap facility worth up to RM5 billion, or five trillion won, to facilitate trade settlements between companies in Malaysia and South Korea.