All posts tagged "BOK"
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771KoreaS. Korea to Deploy Emergency Measures to Minimise Covid-19 Impact
The central bank is working on financial aid packages for the sectors directly affected by Covid-19, on top of the 1.9bn won package already announced by the government to aid SMEs and small merchants.
February 17, 2020 -
1.1KCapital / Liquidity
Korea to Impose Loan-to-Deposit Cap on Savings Banks
The loan-to-deposit rate at savings banks will be limited to 110% starting from 2020, and further tightened to 100% in 2021. Currently, commercial banks already face the 100% limit.
October 21, 2019 -
1.2KKorea
Korean Banks Boost Spending of Cybersecurity, IT: BOK
Banks are increasingly relying on outsourcing for cloud computing, which may become a potential vulnerability if adequate precautions are not in place.
September 17, 2019 -
936FeatureKorea to Develop New Benchmark Interest Rate
The FSC and BOK have formed a task force to develop a new benchmark interest rate and improve the current method of calculating the existing benchmark.
June 19, 2019 -
786Capital / Liquidity
BOK, FSS Launch Joint Audit into Major Banks’ Lending Practices
The focus of the joint audit will be on the small business lending practices at Shinhan Bank, KB Kookmin Bank, Woori Bank and KEB Hana Bank.
April 17, 2019 -
592Korea
Bank of Korea to Entrust Foreign Reserves to Local Asset Managers
South Korea’s central bank said it plans to entrust local asset managers with up to $300mn of its investments in developed markets.
January 22, 2019 -
750China
S. Korea Designates 11 Banks as Won-Yuan Liquidity Providers
The banks selected by South Korea's central bank include 6 domestic institutions and 5 foreign institutions with local branches.
January 2, 2019 -
851EnforcementS. Korea Scales Up Stabilisation Fund as Market Hits 22-Month Low
The 500 billion won fund will start investing in the KOSDAQ from November. Separately, market participants will establish an emergency monitoring system to better respond to instability.
October 30, 2018 -
634Crypto / Digital AssetsSouth Korea to Ease Cryptocurrency Policy
South Korea to soften cryptocurrency policy, apply FATF standards; central bank to release recommendations by end of June.
May 17, 2018 -
Korea
S. Korea Probes Four Foreign Banks on Derivatives
The Financial Supervisory Service is looking into the derivatives transactions of four foreign banks which have jumped abnormally amid a gradual decline among other banks since since last year.
October 15, 2015
