CD tokens are based on the existing banking system and do not require a change in the role of central banks, unlike stablecoins.
July 25, 2023The FSS has directed three Chinese banks with branches in Seoul to take corrective measures to rectify disclosure and reporting violations.
July 24, 2023The big five banks were asked to prepare KRW 1 trillion of financing as potential support for MG Community Credit Cooperative.
July 12, 2023KB Kookmin, Shinhan, Hana and Woori, along with six insurers, participated in the first meeting of a new working group set up to prepare for the stress tests.
September 21, 2022Days earlier a Woori Bank employee was arrested for embezzling KRW 61.4 billion between 2012 and 2018.
May 23, 2022The FSS is set to conduct 779 regular or occasional inspections on financial firms throughout this year.
April 7, 2022The court ruled that Hana Financial Group vice chairman Ham Young-joo was responsible for failing to protect retail investors from high risk financial products.
March 18, 2022NH Investment & Securities cannot sell new private equity funds for three months. Hana Bank cannot be appointed as a fund trustee for three months.
March 4, 2022The FSS is also proposing to force Hana Bank executives and employees involved in DLF mis-selling to pay penalties.
February 1, 2022The appeal will follow a court decision to nullify an FSS decision to ban Woori Financial Group chairman Sohn Tae-seung for three years.
September 21, 2021