News and issues on finance


South Korea's Financial Revolution - WSJ

Chairman Yim's column on Korea's efforts to reform its financial industry was published on the Wall Street Journal Asia Edition's Opinion section on May 27, Friday. It reflects how well the FSC's financial reform drive is being recognized throughout the world.   Check…

Fintech expands to culture and arts industry

      Hi folks, this is Frank. Fintech is one of the hottest buzzwords in the financial world nowadays. From easy payment services to iris recognition, fintech industry is expanding aggressively. At the 8th Fintech Center Demo-day…

Frank's Super Communication Series #2: Equity Crowdfunding

Frank has returned with another interesting story about finance in Korea!! For the second episode of Frank's Super Communication series, Frank introduces Korea's equity crowdfunding scheme introduced in 2016.

Third anniversary of Happiness Fund and its achievements

Happiness Fund was launched in March, 2013 to support restructuring of financially-distressed dectors. As of February, 2016 the Happiness Fund reached out to 560,000 debtors, 1.7 times more than the initially targeted number of 325,000 until 2018. …

2016 Financial Policy Direction

The FSC set 2 goals and 10 key tasks for 2016. 'Financial Refom' aims to promote competition and innovation in the financial sector, while 'Financial Stability' is a means to be better prepared against internal and external risks.    

Banks to be allowed to sell Individual Savings Accounts

Financial consumers will be able to sign up for an individual savings account in bank offices from March at the earliest. ISA is an account which users can manage various financial products ranging from cash, funds to stocks all at once. Tax will be exempted for…

Foreign investors will be able to trade stocks more easily in Korea

Hi folks, I brought another good news for foreign investors today. Foreign investment represents about 1/4 of total market value in Korea's stock markets. However, until now, they have to bare inconveniences of opening up multiple accounts to trade stocks. When…