The KRW 100 billion fund will comprise KRW 80 billion from the private sector and retail investors and KRW 20 billion from the government.
November 27, 2021New household loans issued to pay for jeonse deposits in Q4 2021 will not count toward the government’s 6 percent loan growth target for the year.
October 18, 2021The new chiefs of the FSC and FSS held their first official meeting since taking office. They pledged to unite on issues such as household debt and Covid-19.
September 7, 2021The former presidential aide claimed a scam token had been certified by the BOK, FSS and KFTC, and that investors could multiply their investment by 100 times.
August 31, 2021BOK board member Koh Seung-beom will lead the FSC, subject to a confirmation hearing. Former financial regulator Jeong Eun-bo will lead the FSS.
August 9, 2021The FSC will overhaul the corporate loan approval system used at banks to broaden the scope of assets start-ups can pledge to secure financing.
March 25, 2019If the UK crashes out of the EU without an orderly exit deal in place, the damage to South Korea’s economy will be slight, according to the Financial Supervisory Service.
February 22, 2019Move is part of President Moon Jae-in’s Chaebol clean-up campaign, follows proposal to make agencies liable for ‘defective ratings’.
November 2, 2017Only 60% of bonuses to be paid up front, remaining 40% to be paid out over three years but can be cut or clawed back if investments lose money.
September 4, 2017