The FSC said it will select 30 promising fintech companies and provide them opportunities to obtain funding, receive consulting, and expand overseas.
June 23, 2023The fine is the largest issued against a Chinese bank this year. In 2022, Bank of Shanghai had more complaints against it than any other corporate bank.
May 8, 2023US Treasury Secretary Janet Yellen suggested further action could be taken, if needed, to protect other institutions that suffer deposit runs.
March 22, 2023New measures announced include more active liquidity support from banks and additional purchasing support from KDB and KODIT.
November 14, 2022The "very detailed" assessment is aimed at measuring the risks to the financial system from the ongoing crisis in the property sector.
August 22, 2022The FSC will strengthen the evaluation process to ensure businesses pursuing transformation initiatives are eligible to receive financial assistance.
August 8, 2022A KRW 41.2 trillion programme has been launched to help self-employed business owners and small merchants. Two other programmes will be announced next month.
July 27, 2022Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.
April 24, 2022An optical storage equipment supplier is being investigated for failing to disclose that it granted loans to shareholders and other entities in exchange for pledged assets.
April 13, 2022Economic organisations will be allowed to provide offshore loans provided they comply with relevant laws and receive approval from the Prime Minister's office.
April 1, 2022