Bank of Korea

Capital / Liquidity

S.Korea Regulators Probe Bank’s Lending Practices

By Samuel Riding | 28/02/2018

Regulators want to ensure banks are determining interest rates properly as household debt stubbornly refuses to decline.

AML / KYC

Crypto Exchanges Back on Track in S.Korea with New Account Guidelines

By Manesh Samtani | 25/01/2018

Guidelines cover dealings with exchanges, preventing money-laundering, aiding taxation; exchanges to be fined for privacy issues; payments to overseas exchanges blocked.

Capital / Liquidity

S.Korea Eyes Deregulation to Encourage Banking Competition

By Samuel Riding | 23/08/2017

FSC to come up with deregulation plan by end-of year; wants more challengers to financial sector incumbents after approval of internet-only banks.

Capital / Liquidity

Korea Increases Efforts to Cut Back Consumer Debt

By Editors | 06/07/2017

Second-tier lenders required to increase loan-loss provisions by 50%; maximum mortgage LTV/debt-income ratios cut to 60%/50%.

Bank of Korea, FSS to Inspect Bank Loan Books

By Editors | 08/06/2017

Korea’s central bank and financial regulator will inspect the loan books of several top lenders amid increasing concern about the […]

Securities / Derivatives

APAC Regulators Welcome Global FX Code

By Samuel Riding | 25/05/2017

Regulators from Australia, Hong Kong, India, Korea and Singapore say they will ‘promote adherence’.

Capital / Liquidity

Philippines to Ink 2 ABIF Agreements Next Month

By Samuel Riding | 23/03/2017

Outside regional framework, six banks are negotiating individual deals to set up operations.

Capital / Liquidity

BSP Considering License Applications of 6 Foreign Banks

By Samuel Riding | 02/03/2017

14 foreign institutions have set up operations in the country since liberalisation in 2014.

Capital / Liquidity

Slow Progress on ASEAN Banking Integration

By Samuel Riding | 26/01/2017

Fitch Ratings suggests full integration a ‘very distant goal’.