The financial authorities are teaming up with local governments and regional education offices to promote financial education for youth in non-metropolitan areas. The Financial Services Commission and the Financial Supervisory Service will inform teachers and parents in non-metropolitan regions abou...
Kim Byeong-hwan, the Chairperson of the Financial Services Commission, will visit the United States to meet with top executives from Blackstone and Morgan Stanley Capital International (MSCI). During his trip, the Chairperson plans to promote the Korean financial authorities' efforts to improve fore...
A group that manipulated prices by hoarding virtual assets has been reported to the prosecutor's office. The Financial Services Commission and the Financial Supervisory Service announced on the 17th that they had reported suspects of manipulating prices in the virtual asset market to the prosecutor'...
Ahead of the presidential election, the Democratic Party of Korea is once again considering the option of splitting the Financial Supervisory Service (FSS). The separation of the FSS's functions is a recurring topic during election seasons, but this time, it seems to gain traction on the grounds of ...
Toss Bank, which achieved its first annual profit last year since its establishment, announced on the 16th that it is preparing to expand into overseas markets. Toss Bank held a press conference at the Fairmont Ambassador in Yeouido, Seoul, on the 16th, where it announced this information. At the co...
Last year, the country's 10 financial holding companies recorded nearly 24 trillion won in net income, marking the highest performance on record. The Financial Supervisory Service (FSS) announced the management performance of financial holding companies for 2024. According to the FSS, the consolidat...
The price of Bitcoin fell back to the $83,000 range before recovering to the $90,000 level. According to the virtual asset market tracking site CoinMarketCap on the 16th, Bitcoin is trading at $83,994 (approximately 119.98 million won) as of 7:30 a.m. that day. This represents a price drop of 0.73% ...
This year, as the depositor protection limit rises from 50 million won to 100 million won, the mutual finance sector has entered a preemptive phase for the expansion of the depositor protection fund. Given that the amount of new money becoming eligible for depositor protection reaches 233 trillion w...
The benchmark for the variable interest rate of bank mortgage loans (dwellings loans), the Cost of Funds Index (COFIX), has fallen for six consecutive months. The Korea Banks Association noted on the 15th that the new handling COFIX for March was recorded at 2.84% annually, which is 0.13 percentage ...
In the future, all banks must provide braille documents or converted voice documents upon request from visually impaired customers. On the 15th, the Financial Services Commission held a meeting to enhance financial accessibility for people with disabilities, chaired by Kim So-young, the vice chairpe...
