Steering Committee proposes to have a period of active transition until 30 April 2024, before banks initiate an industry-wide automatic conversion process around June 2024.
March 16, 2023The new rules propose to classify banks into three categories based on their business scale and risk levels and treat them differently based on their classification.
February 20, 2023The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.
February 1, 2023The CVA results suggest that climate risk impacts and bank loan losses are likely to be concentrated in specific regions and industries.
December 1, 2022The new "customised countermeasures" are aimed at enabling actual buyers rather than speculators to obtain property loans from banks.
November 12, 2022A KRW 50 trillion liquidity support package will also be launched to help SMEs and startups burdened by high interest rates and provide financing for their future growth.
November 2, 2022Standards associated with credit risk, operational risk, the output floor, and the leverage ratio will implemented no earlier than 1 January 2024.
October 6, 2022Most debtors will still be subject to income-based restraints. A refinancing programme will allow borrowers to convert variable-rate mortgages to long-term fixed-rate mortgages.
June 21, 2022Lenders must ensure they are operationally ready by September to implement loan limits based on DTI multiples or LTV ratios.
June 15, 2022Banks whose capital adequacy falls below the regulatory minimum as a result of the new risk weights will have to reduce risk-weighted assets or raise new capital.
February 28, 2022