All posts tagged "MOEF"
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451AML / KYCS. Korea Imposes Additional Sanctions Against Russia
The government is also making available KRW 2 trillion in emergency lending support to Korean businesses impacted by the ongoing crisis in Ukraine.
March 8, 2022 -
317KoreaS. Korea to Start Taxing Cryptocurrency Gains Next Year
Any further delay will lead to "the loss of public trust in government policy and undermine stability in the legal system", said finance minister Hong Nam-ki.
October 11, 2021 -
405AML / KYCFSS Korea Mulls New Crypto Rules to Counter ‘Kimchi Premium’
The plan is a response to growing suspicions that investors are purchasing bitcoin from overseas exchanges with the intent of selling them in Korea at a premium.
April 21, 2021 -
334Fintech / Regtech
BOK to Establish CBDC Pilot System Within March
The BOK has almost completed the design and technical study of its CBDC, but does not intend to rush into the pilot before undertaking legal and regulatory assessments.
March 2, 2021 -
317KoreaKorea to Require Brokers, Insurers to Enhance FX Risk Management
Non-banking financial institutions will have to report details about their FX exposures monthly to ensure their FX liquidity remains adequate.
January 21, 2021 -
284Korea
S. Korea Selects Market Makers for Won-Yuan Direct Market
The selected banks will play a leading role in price formation and in supplying liquidity to the KRW/RMB direct trading market.
January 3, 2021 -
731Feature
BOK 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 -
476Korea
S. Korea Revises FX Derivatives Rule to Ease USD Funding Stress
The limits on banks' foreign currency forward positions will be raised to guard against a US dollar funding shortage amid a mass exodus of foreign capital.
March 19, 2020 -
782Fintech / RegtechTwo Thirds of Korean Crypto Exchanges Vulnerable to Hacking
Only 7 of 21 crypto exchanges in South Korea passed the government's security audit; the rest are "vulnerable to hacking attacks at all times."
January 14, 2019
