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.    

FSC Chairman's remarks on recent financial market conditions

FSC Chairman Yim Jong-yong convened an emergency meeting of high-ranking FSC officials on February 10 to make sure policy measures are in place amid growing market concerns over the recent developments in financial markets at home and abroad. The missile…

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…

2016 Financial Policy Roadmap

The FSC announced its roadmap for financial policy initiatives in 2016. Policy focus will be on two main themes: Financial Reform and Financial Stability. The FSC will speed up the implementation of financial reform to promote competition and innovation in the…
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Chairman Yim at preview for movie starring Yim Siwan

A preview for the new movie "Thinking of My Older Brother" was held at COEX cinema on Monday evening. Fintech ambassador Yim Siwan starred in the movie as a soldier fighting in the Korean War. Yim Siwan worked hard during the past year to promote and introduce…

Korea's financial markets remain strong

Hi folks. We hear in the news and everywhere about the Fed's interest rate decision this week. Korea cannot be absolutely free from the Fed's policy decision, since our economy and financial markets are open to foreign investors. Already, as a result, Kospi is…

Internet-only banks by Kakao and KT to open for service soon

Hi folks, this is Frank. On Sunday, the FSC held its meeting and decided to give preliminary approval to two consortiums led by Kakao and KT to establish internet-only banks for the first time in Korea's banking history. There are lots of works left to be…