More banks will be able to offer services to crypto investors. The Bank of Korea Act will be revised to allow CBDC introduction.
May 18, 2022This is the third green bond fund launched by the BIS. It will help channel central bank reserves to green projects in the Asia and Pacific region.
February 28, 2022The collaboration will include areas such as cross-border payments, digital payments, and other areas related to settlement and market infrastructure.
February 21, 2022Banks are concerned that higher provisions for loan losses will hamper their growth momentum and end up reducing shareholder dividends.
February 9, 2022Financial firms are estimated to face increased costs of some KRW 20 million, on average, to make up for the loss of BOK funding.
February 9, 2022In phase two, BOK will test offline payments, remittances to accounts outside Korea, and the use of its CBDC as payment for NFTs.
January 27, 2022Six domestic banks and five foreign banks were selected to serve as market makers of the KRW-RMB direct trading market in 2022.
January 4, 2022The work plan focuses on measures to maintain financial stability, reduce debt risks, promote financial innovation, and enhance the FSC's rules on network security.
December 29, 2021The BOK said it will remain ready to resume the programme in the event that market conditions worsen in future.
December 28, 2021The Korea Customs Service will establish mechanisms targeting the sources of funds used by foreign residents for domestic real estate purchases.
November 18, 2021