All posts tagged "BOK"
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587Crypto / Digital AssetsSouth Korea to Enact ‘Digital Assets Basic Act’ in 2023
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, 2022 -
1.3KAsia-PacificBIS Launches Green Bond Fund Dedicated to APAC Region
This 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, 2022 -
687Asia-PacificBank Indonesia Deepens Ties with BOK Under New MoU
The collaboration will include areas such as cross-border payments, digital payments, and other areas related to settlement and market infrastructure.
February 21, 2022 -
618Capital / LiquidityKorean Banks Resist Pressure to Increase Loan Loss Provisions
Banks are concerned that higher provisions for loan losses will hamper their growth momentum and end up reducing shareholder dividends.
February 9, 2022 -
441KoreaBOK Decision to Halt FSS Funding to Increase Costs for Industry
Financial 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, 2022 -
840Feature
Bank of Korea to Advance CBDC Testing to Second Phase
In phase two, BOK will test offline payments, remittances to accounts outside Korea, and the use of its CBDC as payment for NFTs.
January 27, 2022 -
451Korea
BOK Selects 2022 Market Makers for Won-Yuan Direct Market
Six domestic banks and five foreign banks were selected to serve as market makers of the KRW-RMB direct trading market in 2022.
January 4, 2022 -
788ESG / SustainabilityFSC Korea Sets Out Work Programme for 2022
The 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, 2021 -
543Korea
BOK to End Corporate Bond Purchase Scheme at Year-end
The BOK said it will remain ready to resume the programme in the event that market conditions worsen in future.
December 28, 2021 -
322AML / 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
