All posts tagged "FSC"
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456KoreaS. Korea: Financial Sector Delivers Relief for Small Business
Financial institutions are providing loan maturity extensions, interest payment deferment and low-cost loans to small business hit by Covid-19.
April 2, 2020 -
966Fintech / Regtech
S. Korea Tightens P2P Lending Limits to Guard Against Defaults
P2P lending caps are being lowered to protect investors against potential defaults and delinquencies caused by the Covid-19 crisis.
April 1, 2020 -
564Capital Regulation
S. Korea to Adopt Basel III Credit Risk Framework Early
Lower risk sensitivity on SME loans under the Basel III credit risk framework will raise capital adequacy ratios at banks, allowing them to provide additional funding to businesses.
March 30, 2020 -
597EnforcementWoori Financial Chief Gets Reappointment Despite FSS Sanctions
A Seoul court has granted an injunction against FSS sanctions that would have prevented chairman Sohn Tae-seung from seeking another term at Woori Financial Group.
March 27, 2020 -
533FeatureBOK Promises “Unlimited Liquidity” for Financial Firms
South Korean authorities will also reduce the amount of high-quality foreign assets banks need to hold to free up additional US dollar liquidity.
March 27, 2020 -
512Capital RegulationS. Korea Announces Emergency Financial Aid Package
The 100-trillion-won package includes funding for businesses, two market stabilisation funds, support for new bond issuance and liquidity support for brokerage firms.
March 24, 2020 -
327FeatureTWSE Launches New Continuous Trading System for Equities
Traders reportedly worry that the change-over could add to recent volatility. Meanwhile, a short-selling ban on certain stocks has been in place since Friday.
March 23, 2020 -
405KoreaFSC Korea Authorises KODIT to Develop New Credit Scoring System
The new system will use non-financial and transaction information of SMEs and small merchants to generate credit scores, improving their ability to obtain financing and credit guarantees.
March 20, 2020 -
301FeatureS. Korea to Launch Market Stabilisation Funds, More SME Support
The government has also decided on emergency financial measures worth 50 trillion won to support SMEs and individuals with low credit ratings.
March 19, 2020 -
412Enforcement
S. Korea Cabinet Approves Financial Consumer Protection Bill
Under the legislation, six sales regulations will be applied to all financial products, where sellers will be subject to stricter penalties and possible sales bans for violations.
March 19, 2020
