Policy Issues

Number Subject Publisher Date
776 Vice Chariman Visits London to Promote Capital Market Reform Programs and Strengthen Bilateral Co-op NEW Vice Chairman Kim Soyoung of the Financial Services Commission visited London, the United Kingdom (UK) from July 16 to 19 in an effort to promote Korea¡¯s capital market reform and corporate value-up programs to global investors and to strengthen financial cooperation between Korea and the UK. Financial Services Commission 2024.07.25
775 Korean National Balance Sheets for 2023 NEW A look at the preliminary Korean National Balance Sheets (KNBS) for 2023 finds that Korean national wealth - the net worth of the total economy - amounted to 23,039 trillion won as of year-end 2023, 472 trillion won (+2.1) higher than the previous year¡Çs figure. Statistics Korea 2024.07.25
774 The Act on the Protection of Virtual Asset Users to Take Effect from July 19   The Financial Services Commission announced that the Act on the Protection of Virtual Asset Users, which intends to establish a sound order in the virtual asset market and ensure protection for users, will take effect from July 19. Financial Services Commission 2024.07.18
773 FSC Identifies D-SIBs and D-SIFIs for 2025   The Financial Services Commission identified five bank holding companies (BHCs) and five banks as domestic systemically important banks (D-SIBs) and domestic systemically important financial institutions (D-SIFIs) for 2025 on July 10. Financial Services Commission 2024.07.11
772 Economically Active Population Survey in June 2024   Economically active population and labor force participation rate Employed persons and employment to population ratio Unemployed persons and unemployment rate Economically inactive population Statistics Korea 2024.07.11
771 SFC Imposes Penalty Surcharges on Global Investment Banks for Violating Short Sale Regulation   The Securities and Futures Commission, a sub-commission within the Financial Services Commission responsible for overseeing the securities and futures markets, held the thirteenth regular meeting on July 3 and decided to impose penalty surcharges amounting to KRW27.173 billion in total on two former Credit Suisse affiliated investment banks for violating short sale regulations under the Financial Investment Services and Capital Markets Act (FSCMA). Financial Services Commission 2024.07.04
770 Monthly Industrial Statistics, May 2024   The Index of All industry production in May decreased by 0.7 percent from the previous month. Statistics Korea 2024.07.04
769 Reporting Requirement to be Strengthened for Virtual Asset Service Providers   The Korea Financial Intelligence Unit (KoFIU) announced that a revision of the subordinate regulation under the Act on Reporting and Using Specified Financial Transaction Information will take effect from June 27, 2024. The revised regulation will strengthen the reporting requirements for virtual asset service providers (VASPs). Financial Services Commission 2024.06.27
768 Financial Cooperation with Africa to be Strengthened   The Financial Services Commission and the Korea Federation of Banks will invite and host the banking industry associations of three African countries (Nigeria, Botswana, and Mauritius) and the Southern African Development Community from June 17 to 19 to seek stronger financial cooperation between Korea and Africa. Financial Services Commission 2024.06.20
767 Household Loans, May 2024   In May 2024, the outstanding balance of household loans across all financial sectors rose KRW5.4 trillion (preliminary), growing at a faster rate compared with the previous month (up KRW4.1 trillion). Financial Services Commission 2024.06.13