FINANCIAL SUPERVISORY SERVICE

S. Korean Regulator to Reprimand Financial Firms for Illegal Loans

By Editors | 06/08/2014

South Korea’s chief financial regulator said he will consider punishing financial companies for making illegal loans and leave the punishment of employees up to the companies, in view of disciplinary action being mulled by authorities on hundreds of senior bank officials.

Securities / Derivatives

S. Korea Watchdog Holds Bank Chiefs Responsible

By Editors | 13/06/2014

The South Korean financial watchdog said the chiefs of the country’s biggest banking group KB Financial Group and its flagship Kookmin Bank were both accountable for the gross negligence in handling what has turned into a scandalous computation system change.

S.Korea’s Financial Authorities Need Enhanced Independence, Says IMF

By Editors | 22/05/2014

South Korea needs to strengthen the independence of its financial authorities to ensure the safety and soundness of its financial sector, said the International Monetary Fund.

S. Korea Tightens Monitoring of Chinese Online Payment Firm

By Editors | 06/05/2014

The Financial Supervisory Service has stepped up its monitoring of Chinese online payment service firm Alipay that will open a new type of offline service in the country.

S.Korea’s Regulator to Cut More Red Tape for Foreign Financial Firms

By Editors | 06/03/2014

The Financial Supervisory Service chief vowed to remove regulatory hurdles for foreign financial firms operating in the country.

S.Korea’s Financial Regulator Seeks Regulation Overhaul

By Editors | 27/02/2014

The Financial Supervisory Service said it would seek to drastically ease regulatory restrictions on the country’s financial sector to boost the industry.

Korean Regulator Reviews Foreign Brokerages’ Derivatives Sales

By Editors | 10/09/2013

South Korea’s regulatory watchdog the Financial Supervisory Service is reviewing derivatives sales at three foreign brokerages for compliance with the […]

Korea Basel III Implementation Set to Being in December

By Editors | 31/07/2013

The Financial Services Commission and the Financial Supervisory Service jointly announced that the implementation of the Basel III capital framework […]