Policy Issues

Number Subject Publisher Date
663 2nd Working Group Meeting Held on Improving Management, Operating Practices of Banks and Banking Sys   The FSC and the FSS held the 2nd working group meeting of the taskforce on improving the management and operating practices of banks and banking system on March 8, chaired by FSC Vice Chairman Kim So-young. Financial Service Commission 2023.03.16
662 Economically Active Population Survey in February 2023   ○ The economically active population marked 28.604 million persons in February, which grew 248 thousand persons or 0.9 year-on-year. ○ The labor force participation rate stood at 63.1 in February, up 0.4p year-on-year. Statistics Korea 2023.03.16
661 Interest Rate Disclosure to be Expanded in Banking Sector to Promote Competition   Financial authorities announced a plan to expand banks’ disclosure of the differences between interest rates on deposits and loans at the 1st working group meeting of the taskforce on improving the management and operating practices of banks and banking system held on March 2. The following are specific measures of the plan. Financial Service Commission 2023.03.09
660 Monthly Industrial Statistics, January 2023   □ The Index of All industry production in January increased by 0.5 percent from the previous month. □ The Index of All industry production in January decreased by 0.8 percent from the same period of the previous year. □ The Manufacturing Production Index in January increased by 3.2 percent from the previous month but decreased by 13.2 percent from the same period of the previous year. Statistics Korea 2023.03.09
659 Household Loans, January 2023   In January 2023, the outstanding balance of household loans across all financial sectors declined KRW8.0 trillion (m-o-m) and the growth rate also dropped at a faster pace (down 1.0 percent, y-o-y), showing a strong trend of decline. Financial authorities will ensure stable management of household debt and continue to seamlessly implement the normalization of relevant loan regulations to help non-speculative homebuyers. Financial Service Comm... 2023.02.16
658 Economically Active Population Survey in January 2023   The economically active population marked 28.387 million persons in January, which grew 291 thousand persons or 1.0 year-on-year. The labor force participation rate stood at 62.6 in January, up 0.4p year-on-year. Statistics Korea 2023.02.16
657 Consumer Price Index in January 2023   The Consumer Price Index was 110.10(2020=100) in January 2023. The index increased 0.8 percent from the preceding month and rose 5.2 percent from the same month of the previous year. Statistics Korea 2023.02.09
656 FSC Unveils Work Plan for 2023   The FSC presented its annual work plan for 2023 on January 30. This year’s work plan includes twelve specific policy items under the initiatives of (a) ensuring strong financial market stability, (b) strengthening the role of finance to shore up the growth of the real economy and people’s livelihoods and (c) promoting the advancement of the financial industry into a high value-added strategic sector. Financial Service Comm... 2023.02.02
655 Monthly Industrial Statistics, December 2022   The Index of All industry production in December decreased by 1.6 percent from the previous month. The Index of All industry production in December decreased by 0.8 percent from the same period of the previous year. The Manufacturing Production Index in December decreased by 3.5 percent from the previous month and 8.0 percent from the same period of the previous year. Statistics Korea 2023.02.02
654 Financial Regulatory Innovation Committee Discusses Measures to Improve Capital Market Regulations   The financial regulatory innovation committee (FRIC) held its 6th meeting on January 19 and discussed measures to improve regulations in capital markets. The measures include (a) improving foreign investors’ access to capital markets through abolishment of the foreign investors’ registration system and phased expansion of English disclosure requirement to boost the global dynamism in domestic capital markets and (b) establishing a regulatory framework on the issuance and distribution of security tokens to permit security token offerings (STOs) and to promote development of a safe secondary market. Prior to today’s meeting, authorities held a private sector advisory working group meeting on January 10 and listened to opinions related to these agendas. Financial Service Comm... 2023.01.26