All posts tagged "BOK"
-
240AML / KYCS. Korea Targets Illicit Overseas Purchases of Real Estate
The Korea Customs Service will establish mechanisms targeting the sources of funds used by foreign residents for domestic real estate purchases.
November 18, 2021 -
190Capital RegulationS. Korea Unveils More Measures to Contain Household Debt
Among the measures, the FSC will monitor how banks are applying suitability and adequacy principles in their lending, and impose fines for violations.
October 29, 2021 -
130Australia & NZNew Zealand Becomes Third in APAC to Raise Rates
The RBNZ increased its official cash rate for the first time in seven years to contain inflationary pressures and cool the housing market.
October 8, 2021 -
271FeatureBOK to Boost Investment in ESG-related Stocks, Bonds
The BOK will exclude companies and sectors with low ESG scores from its investment universe in its foreign currency reserves management.
September 29, 2021 -
180EnforcementFSS Korea Warns KB Savings Bank Over Lax Lending Controls
KB Savings Bank increased its household lending by raising internal limits and discounting interest rates, without a strict review process and proper oversight.
September 9, 2021 -
213KoreaS. Korea: New FSC, FSS Chiefs to Rebuild Cooperative Relations
The new chiefs of the FSC and FSS held their first official meeting since taking office. They pledged to unite on issues such as household debt and Covid-19.
September 7, 2021 -
178EnforcementKorea: Ex-Presidential Aide Sentenced to Jail for Crypto Fraud
The former presidential aide claimed a scam token had been certified by the BOK, FSS and KFTC, and that investors could multiply their investment by 100 times.
August 31, 2021 -
205Asia-Pacific
S. Korea, Sri Lanka Become First in APAC to Raise Interest Rates
The BOK is looking to curb household debt and home prices. The CBSL wants to stem inflationary pressure and the depreciation of the local currency.
August 26, 2021 -
177Feature
Korean President Nominates New Chiefs for FSC, FSS
BOK board member Koh Seung-beom will lead the FSC, subject to a confirmation hearing. Former financial regulator Jeong Eun-bo will lead the FSS.
August 9, 2021 -
467Feature
Bank of Korea CBDC Pilot to Kick off This Month
Ground X, Kakaobank, Kakao Pay, Consensys, Samsung and Onther are among the firms that will participate in the pilot. Phase one will be complete by December.
August 9, 2021
