FSC works to ensure that finance plays a key role in developing innovative businesses and supporting the real economy, thereby fueling Korea’s more vibrant economic growth. Promoting advanced financial industry, stable financial markets, fair market order and reliable consumer protection are among FSC’s key policy agenda. Digital transformation and big data are increasingly playing larger roles in various aspects of financial services. In the era of 4th industrial revolution and digital economy, finance will help boost growth potential and create jobs as the government seeks to advance its Digital New Deal policy.
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Dec 22, 2025
- FSC Puts Forward Capital Market Reform Plans to Support Sustainable Foundation for Innovative Growth Ecosystem
- Chairman Lee Eog-weon of the Financial Services Commission presided over the third meeting on propelling a transition to productive finance with officials from the venture industry, financial institutions, market infrastructure providers, and experts on December 22. At todays meeting, officials discussed plans for capital market reform initiatives intended to transform capital markets into a key platform for propelling innovative growth. In his opening remarks, FSC Chairman Lee laid out four major policy initiatives put forward by the government. A Summary of Opening Remarks by FSC Chairman Throughout history, some of the key technologies and innovative ventures, such as the Internet, smartphone, and autonomous driving technology, have been born out of bold investment and infrastructure restructuring by the government together with the private sectors inventiveness and push for drive. Capital market constitutes a platform where this type of collaborative effort by the public and private sectors can most effectively result in innovation. Since the market can selectively determine future potential and bear risks to invest in long-term growth, it can serve as the most appropriate and productive platform to push for a productive finance drive. In this regard, the government plans to pursue capital market reform measures intended to boost the efficiency in the functioning of capital market infrastructures and facilitate a more seamless interconnection between the financial sector and innovative companies. First, from a market infrastructure perspective, in order to ensure safety in the transactions of startup and venture stocks, authorities will allow the entry of electronic securities registries specializing in unlisted stocks. With the introduction of electronic registration of securities tailored for small scale and unlisted stocks, there will be increased convenience for stock transactions and management, which will also help startups and venture businesses to raise
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Dec 19, 2025
- FSC Introduces Measures to Boost Confidence and Innovation in KOSDAQ Market
- The Financial Services Commission introduced measures to boost confidence and innovation in the KOSDAQ market at the government work report session held on December 19. The measures are intended to bring about fundamental improvements in the KOSDAQ market by restoring public confidence in the market and reinvigorating it as a platform of growth for innovative companies, thereby spreading the momentum of KOSPI 4,000 throughout all segments of capital markets. Over the years, the KOSDAQ market has grown in terms of the number of listed companies and the value of market capitalization. In comparison to 2005, market capitalization rose 15 times (from KRW32 trillion to KRW489 trillion) and the number of listed firms grew 1.9 times (from 917 companies to 1,731 companies) However, the market has not been able to fully spring back from the lost confidence seen in the post dot-com bubble. As a result, the KOSDAQ index now stands lower than when it was first launched in July 1996 (1,000 pts). Moreover, non-viable companies are not getting delisted in a timely manner, and institutional investors have shown a tendency to avoid investing in the KOSDAQ market. As a key infrastructure for Koreas innovation and its venture ecosystem, the KOSDAQ market is in urgent need of an overhaul to make sure that it can properly function as it should. In this regard, the FSC held a series of meetings with market participants (venture capital firms, startup and venture businesses, institutional investors, and underwriters), academia, and related organizations to gather a variety of opinions before drawing up a set of measures intended to boost confidence and innovation in the KOSDAQ market. The measures consist of the following four key policy directions and seventeen specific tasks(a) strengthening the independence, autonomy, and competitiveness of the KOSDAQ market division, (b) redesigning the listing/delisting system to make the KOSDAQ market more dynamic with easy entry and exit, (c) foste
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Dec 19, 2025
- FSC Plans a Sweeping Overhaul of Finance to Propel a Great Takeoff of the Korean Economy
- The Financial Services Commission presented its work progress and policy agendas going forward in a government work report session jointly held with the Korea Fair Trade Commission on December 19 under the theme of pursuing a sweeping overhaul of finance, fostering a fair economy, and building robust foundations to propel a great takeoff of the economy. At the work report session, Chairman Lee Eog-weon of the Financial Services Commission presented progress and achievements in 2025 and key policy agendas going forward focusing on the vision to seek a sweeping overhaul of finance to make the financial industry more productive, more inclusive, and more reliable. With the pursuit of major transformation in the financial industry, Chairman Lee pledged to help propel a great takeoff of the Korean economy. Achievements in 2025 In the past six months, the FSC has worked relentlessly to help resolve the difficulties in peoples livelihoods and to build a new framework for financial policies. First, in order to quickly facilitate a recovery in peoples livelihoods, which had faced challenges from the COVID-19 pandemic and high interest rates, the FSC took bold steps in providing strong support measures. The establishment of New Leap Fund (Oct. 1) allowed the acquisition, screening, and cancellation of long-term overdue personal debts for 1.13 million individuals without even having these debtors needing to apply for this support. With the provision of credit recovery support in the form of expungement of overdue debt history (Sep. 30), 2.862 million individuals (as of end-Nov.) were able to make a recovery and regain footing financially. The FSC also held meetings with small merchants in twelve different occasions to more closely listen to their needs on the ground and introduced a special financing support plan in the size of KRW10 trillion-plus. Next, the FSC sought to actively manage household debt and contain tariff-related risks in the market, while making all-out efforts
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Dec 11, 2025
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Nov 19, 2025
- FSC Announces Designation of CFIBEs and Capital Market Rules Change to Propel Supply of Venture Capital
- The Financial Services Commission announced the designation of comprehensive financial investment business entities (CFIBEs)at the 20th regular meeting held on November 19. The FSC decided to designate Korea Investment Securities and Mirae Asset Securities as CFIBEs with the minimum equity capital level of KRW8 trillion, while Kiwoom Securities has been designated as a CFIBE with the minimum equity capital level of KRW4 trillion. Kiwoom Securities has also been authorized to engage in a short-term financing business. The newly designated CFIBEs have each been making relevant preparations for the operation of investment management account (IMA) and promissory note services, by acquiring the satisfactory level of personnel and facilities capacities, preparing internal control mechanisms, and setting up measures to prevent conflicts of interest. Korea Investment Securities and Mirae Asset Securities plan to develop IMA products with the goal of introducing them in the market within this year. Kiwoom Securities also plan to introduce promissory notes within this year. This will help to open up and diversify investment options and mechanisms made available for the public and facilitate the sharing of profits from CFIBEs asset management services. Meanwhile, the government approved the revision bill for the Enforcement Decree of the Financial Investment Services and Capital Markets Act (FSCMA) at the cabinet meeting held on November 18, 2025. The revised rules, which make CFIBEs subject to the supply of venture capital, are intended to propel the financial investment sectors transition toward productive finance. Along with expected revisions to subordinate rules and regulations, the revised Enforcement Decree will take effect next week (between November 25 and 27). Key Revision Details Requiring CFIBEs to supply venture capital To promote more active supply of venture capital from the CFIBEs that are engaged in IMA and promissory note services, the revised rules will make
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Sep 19, 2025
- FSC Holds Inaugural Meeting on Transforming Financial Industry for Productive Finance
- Chairman Lee Eog-weon of the Financial Services Commission presided over the inaugural meeting on transforming the financial industry and seeking a transition toward productive finance on September 19. Todays meeting was joined by industry representatives from different regions and officials from different business sectors and sizes who shared their ideas and suggestions in collaborative efforts to seek growth in both the real economy and financial sectors. Key Measures I. Transforming Financial Industry for Productive Finance In his opening remarks, FSC Chairman Lee said that the Korean economy is currently standing at an inflection point where the role of finance is considered to be ever more critical in providing solutions to various problems, such as low growth and wealth gap, and rebooting growth in the economy. To seek a transition toward productive finance, Chairman Lee introduced plans to pursue transformation of the following three areaspolicy finance, financial business, and capital markets. (Policy Finance) Policy financial institutions will lead the channeling of capital toward high-tech and venture businesses and local economies. The KRW150 trillion National Growth Fund intended for future strategic industries and their supply chains and infrastructures will provide targeted investments. The role of policy financial institutions for providing guarantees on real estate financing will be downsized, while that for providing technology financing will be boosted. At the same time, policy financial institutions will develop region-specific financing models intended to spur growth of local economies. (Financial Business) By seeking improvements to the overall supervisory framework, specific sector-targeted transition measures will be pursued. In this regard, capital regulation in the banking and insurance sectors will be upgraded to bring them to more reasonable levels and to facilitate banks and insurance businesses to more actively supply capital to producti
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Sep 10, 2025
- Government Plans to Set Up National Growth Fund Worth KRW150 Trillion to Propel Economic Growth
- The Financial Services Commission along with related government ministries, industry officials, and financial companies held a public conference on September 10 to seek ways to propel economic growth through the establishment and operation of National Growth Fund in the size of KRW150 trillion-plus for the next five years. At the conference, the FSC introduced plans to establish National Growth Fund and its operating strategies. Key Details of National Growth Fund (Background) The high-tech strategic industries, such as artificial intelligence (AI), biotech, and robotics, are critical industries that could serve as a game changer for the prosperity of future generations. In attempt to position themselves as the leader in global competition over high-tech industries, each country has rolled out plans to introduce significant investments and high level tariffs to gain competitive edge. From the construction of Gyeongbu Expressway, the shifting paradigm of economic development toward the heavy and chemical industries and export sectors, and the establishment of high-speed telecommunications network, the Korean economy had shown strategic determinations at major turning points in the past. However, amid low birth and aging population and deepening competition over key industries, the factors that have traditionally been driving economic growth are rapidly deteriorating recently with this years growth expectation forecast to be near zero percent. Against this backdrop, it is imperative to propel future growth prospects of the Korean economy by strategically selecting key megaprojects to support their growth in response to global competition over high-tech industries. (Purpose) National Growth Fund created in the amount of KRW150 trillion will function as a key foundation to propel Koreas economic growth through industrial restructuring. Over the next five years, KRW150 trillion worth of investments will be made in high-tech strategic industries and related ecosystems (va
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Aug 25, 2025
- Financial Authorities of Korea and Vietnam Meet to Discuss Strengthening Cooperation on Capital Markets
- Vice Chairman Kwon Dae-young of the Financial Services Commission met with Vietnams Deputy Minister of Finance Nguyen Duc Chi at his office in Seoul Government Complex on August 25 as a follow-up to the bilateral summit meeting held between Korea and Vietnam on August 11, 2025. The meeting was also joined by Standing Commissioner Rhee Yunsu of the SFC (Securities and Futures Commission), a sub-commission within the FSC, Chairwoman Vu Thi Chan Phuong of Vietnams SSC (State Securities Commission), and the heads of VNX (Vietnam Exchange), HOSE (Ho Chi Minh City Stock Exchange), HNX (Hanoi Stock Exchange), and VSDC (Vietnam Securities Depository and Clearing Corporation). At the meeting, the authorities discussed ways to strengthen bilateral cooperation on capital markets. Vietnams Deputy Finance Minister Chi expressed appreciation while saying that KRX (Korea Exchange)s trading system, which was first introduced to Vietnam nine years ago but just became operational from May 5 this year, has been running stably. Based on this, the Deputy Finance Minister expressed the willingness to bolster policy support to leap forward as a highly dependable emerging market through stability in trading system and global competitiveness. In addition, SSC Chairwoman Phuong suggested the two countries to continue to work toward deepening cooperation in the areas of capital market supervision based on the upgraded trading system and virtual asset regulatory framework through sharing of policy experience and know-hows. FSC Vice Chairman Kwon congratulated Vietnams successful operation of upgraded trading infrastructure and its stock markets 25-year anniversary on July 28. Prior to that, in May this year, Vice Chairman Kwon said that the State Bank of Vietnam (SBV) issued confirmation letters permitting the Industrial Bank of Korea (IBK) and Korea Development Bank (KDB) to set up local operations in Vietnam after about six to eight years of wait. In this regard, Vice Chairman Kwon said that
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May 02, 2025
- Sale of Virtual Assets by Non-profit Corporations and Exchanges will be Allowed From June
- The virtual asset committee finalized the guidelines on sale of virtual assets by non-profit corporations and virtual asset exchanges, including permission on the issuance of real-name account for the purpose of virtual asset disposal and requirements to prevent money laundering and conflicts of interests. BACKGROUND Vice Chairman Kim Soyoung of the Financial Services Commission presided over the fourth meeting of the virtual asset committee on May 1 at the Government Complex Seoul. Joined by relevant ministry officials, agencies, and private sector experts, the committee finalized the guidelines on sale of virtual assets by non-profit corporations and virtual asset exchanges. The measure is a follow-up to the roadmap for allowing transactions of virtual assets by corporate entities. In addition, in response to growing concerns over investor harm caused by extremely volatile movements in virtual asset prices right after they become listed, the so-called listing pumps, the committee also discussed proposed revisions to the best practice guidelines for listing. key revision details Guidelines for Virtual Asset Disposal by Non-profit Corporations To ensure the proper level of internal controls and transparency, the guidelines for non-profit corporations will initially allow disposal of virtual assets by entities subject to external audit with five years or more in business operation and require them to establish an internal committee for prior reviews on the appropriateness of the donations and the plans for liquidation into cash. Given that virtual assets easy liquidation into cash is necessary for an adequate use of donated virtual assets, the virtual assets subject to donation will be limited to virtual assets that are traded in at least three Korean won-based exchanges only. Also, the donated virtual assets must be liquidated into cash immediately upon donation. In order to ensure safeguard measures for anti-money laundering, the guidelines strengthen verification
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Apr 09, 2025
- FSC Introduces Plans to Improve Competitiveness of Corporate Financing by Securities Businesses
- The Financial Services Commission announced plans to improve the competitiveness of corporate financing by securities businesses on April 9. Under the newly introduced plans, comprehensive financial investment business entities (CFIBEs hereinafter) will be subject to increased credit granting limits for corporate financing and required to supply 25 percent of capital raised from promissory notes and investment management account (IMA) for venture capital. The IMA scheme, which was first introduced in 2017 but has not been utilized since, will go through improvements. Based on the improved IMA scheme, the process for designating CFIBEs that are eligible to handle promissory notes and IMA will begin within this year. Moreover, the plans contain measures to provide incentives for overseas expansion of securities firms and regulatory reforms intended to bolster the soundness management over derivatives-linked securities (DLS) and derivatives-linked bonds (DLB). In June this year, the FSC plans to prepare and announce detailed measures to strengthen the soundness of real estate financing and liquidity management by securities firms and ways to improve rules on the soundness of CFIBEs. FSC Chairman Holds Meeting with CEOs of CFIBEs On April 9, FSC Chairman Kim Byoung Hwan held a meeting with the CEOs of ten major CFIBEs and introduced the governments plans to improve the competitiveness of corporate financing by securities firms centered on regulatory improvements for CFIBEs. At the meeting, Chairman Kim and the participants discussed future directions for securities businesses in sustaining an innovative growth of our economy and promoting value-up in capital markets. In his opening remarks, Chairman Kim underscored the important role of capital markets in making sure that our economy maintains vitality and continues to grow in the future. In this regard, Chairman Kim said that the plans being introduced today are intended to boost the role of securities businesses in co
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Jan 24, 2025
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Jan 21, 2025
- Reform Plans for IPO and Delisting Rules
- On January 21, the Financial Services Commission and related organizations including the Financial Supervisory Service (FSS), Korea Exchange (KRX), Korea Financial Investment Association (KOFIA) and Korea Capital Market Institute (KCMI) held a joint seminar on improving initial public offering (IPO) and delisting rules, as part of the governments ongoing efforts for capital market reforms. At the seminar, the FSC unveiled reform plans for IPO and delisting rules and gathered feedback from various market participants. FSC Chairman Kim Byoung Hwan delivered his congratulatory remarks outlining the background and directions of the reform plans. The Chairman said that the market structural improvement is needed to boost the overall valuation of our capital market as the government has been pushing forward capital market reform initiatives since last year. Regulatory reforms on IPO and delisting rules will be pushed forward as another major task for the value-up initiatives, he emphasized. In regard with the IPO market, Chairman Kim said that reform plans will incentivize institutional investors to hold shares for a longer period under a lock-up commitment, which will help shift the IPO market more towards investments based on corporate value. Reforms will also strengthen the roles and responsibilities of underwriters for determining appropriate IPO prices and securing mid-to-long-term investors, he added. Regarding the delisting rules, Chairman Kim explained, the authorities will strengthen the requirements for companies to remain listed and streamline delisting procedures so that companies undermining market trust can be timely removed without delay. Along with this, Chairman Kim suggested that the government will consider overhauling the stock market structure to make it more efficient and provide stronger investor protection. We will seek differentiation and linkage between market segments so that companies can raise funds in the market tailored to their growth stage
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Jan 08, 2025
- FSC's Annual Work Plan for 2025
- The Financial Services Commission presented annual work plan for 2025 at the annual work report session jointly held for economic ministries under the theme of economic risk management and revitalization of the economy on January 8. With market stabilization at the top of policy priorities, the FSC plans to work on strengthening the function of financial services in support for peoples livelihoods while continuing to push for innovation in the financial industry. The FSCs annual work plan for 2025 is focused on three key goals(a) ensuring market stability and providing support for the real economy, (b) facilitating a recovery in peoples livelihoods, and (c) adapting to changes and promoting innovation in the financial industry. Under these broad objectives, the FSC plans to pursue nine specific policy agendas. Key Policy Agendas First, the FSC will work on ensuring market stability and providing support for the real economy. In close cooperation with related authorities and organizations, the FSC plans to establish an overarching framework that can help to ensure financial market stability through an array of measures, such as the continuing operation of market stabilization programs (about KRW100 trillion), introduction of financial stability account for financial companies, making improvements to the recovery and resolution regime of financial companies, and raising deposit protection limit to KRW100 million from the current level of KRW50 million. In addition, the FSC will continue to manage the pace of household debt growth within the level of annual GDP growth through the enhanced debt service ratio (DSR) rules and seek regulatory improvements on real estate project finance loans to prevent the recurrence of project finance loan defaults by strengthening the equity capital requirement for developers. At the same time, in order to bolster support for the real economy and industries, the FSC plans to expand the supply of policy funds to the largest level ever (KR
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Dec 24, 2024
- Rule Changes on Treasury Stocks of Listed Companies Scheduled to Take Effect from December 31
- The Financial Services Commission announced that the government approved the revision bill for the Enforcement Decree of the Financial Investment Services and Capital Markets Act at the cabinet meeting held on December 24. The upgraded rules on treasury stocks of listed companies will go into effect from December 31, 2024. Background Treasury stocks are considered as an important mechanism for shareholder return alongside dividends. However, in Korea, companies often acquired treasury stocks to bolster the control of their major shareholders. To address this problem, the government had prepared measures to upgrade rules on treasury stocks as a way to strengthen protection for ordinary shareholders and which constitute a part of broader efforts at reforming capital market regulations. In particular, this year, with the expansion of Corporate Value-up Program and growing number of market participants and companies showing interest in enhancing shareholder value, the volume of treasury stock acquisitions and cancellations by listed companies has risen to the highest level in seven years, increasing about 2.3 times and 2.9 times, respectively, compared with the previous year. Thus, the rule changes on treasury stocks of listed companies are focused on facilitating the voluntary efforts of listed companies in enhancing protection for ordinary shareholders and boosting value for shareholders. Key Revision Details The proposed rule changes are intended to (a) restrict the allocation of new shares to treasury stocks when companies spin-off business units, (b) strengthen disclosure requirements, and (c) close loopholes and remove regulatory arbitrage throughout the process of acquiring and disposing treasury stocks. First, allocating new shares to treasury stocks will be prohibited when companies spin-off their business units. When it comes to treasury stocks, currently, almost all shareholders rights, such as voting rights, dividend rights, and preemptive rights, are non-ex
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Nov 28, 2024
- Licensing Criteria for New Internet-only Bank to Focus on Sustainability Based on Innovativeness and Inclusiveness
- The Financial Services Commission adopted the licensing criteria and procedure for authorizing a new internet-only bank at the 20th regular meeting of the FSC held on November 27, 2024. Previously on July 5, 2023, the government introduced a plan to grant new licenses to more nationwide commercial banks, regional banks, and internet-only banks to promote competition in the banking industry. With regard to the criteria and procedure for licensing new internet-only banks, the government said that it plans to consider the performance and stability of the operation of the three existing internet-only banks along with the statutory requirements prescribed under the current law. Since then, the government carried out an examination on the performance and effects of introducing internet-only banks and looked into areas where improvements are necessary. Meanwhile, a separate study was conducted on the competitiveness of financial companies SME and personal credit loan business operations to assess the areas where enhanced competition and increased supply of funds are needed. Based on the findings from these studies, the FSC and the FSS (Financial Supervisory Service) adopted the licensing criteria and procedure for authorizing a new internet-only bank as follows. The new licensing criteria will maintain the previously adopted licensing standards for internet-only banks, which include (a) the licensing criteria specified in the Banking Act and (b) the innovativeness and inclusiveness of applicants business plan. However, the key direction of application review and evaluation criteria will take into account the findings from the aforementioned studies. In this regard, the evaluation of application will focus on (a) the stability in raising capital, along with (b) the innovativeness and (c) inclusiveness, and (d) the feasibility of business plan. First, regarding the stability in raising capital, the evaluation committee will thoroughly look into whether the applicant has a su
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Aug 27, 2024
- 2024 Korea Fintech Week Kicks Off on August 27
- 2024 Korea Fintech Week kicks off on August 27 with major fintech businesses, financial companies, related organizations, academic institutions, and foreign governments and organizations at Dongdaemun Design Plaza (DDP) in Seoul. The expo will be held for three days between August 27 to 29 under the theme of Beyond Boundaries: Fintech and AI Redefining Finance, providing opportunities to lure investment and share updates on the newest fintech and AI technologies and trends. 85 exhibition booths and 109 businesses and associations will participate to promote innovative technologies and attract investments Chairman Kim Byoung Hwan of the Financial Services Commission delivered welcoming remarks in which he emphasized the importance of AI as a game changer for industries and society, and how we harness AI will determine the competitiveness of individuals and companies in the future. Chairman Kim vowed to support the finance industry so that it could play a leading role in propelling Korea into the top three nations in AI sector. Chairman Kim outlined four key directions for digital finance policies aimed at facilitating fintech and the digital transformation (DX) of the financial sector. First, he emphasized the need to revisit financial regulations established in the analog era to accelerate the digital transformation of finance. This will involve rationalizing entry and conduct regulations for financial companies, as well as standards for information processing, such as cloud usage. Second, Chairman Kim highlighted the importance of strengthening collaboration between fintech companies and financial companies. To this end, the regulations on financial institutions investments in fintech businesses will be re-evaluated, and discussions will begin on reforming the regulatory framework governing outsourcing agreements, as well as improving the electronic financial systems, to allow the emergence of diverse business models in the era of big blur. Third, Chairman Kim anno
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Jun 21, 2024
- Market Access Improved for Foreign Investors with Abolishment of Investment Registration Certificates
- The Financial Services Commission announced that foreign investors access to Korean capital market has been improved with the abolishment of foreign investors prior registration requirement from December 14, 2023. As it has been repeatedly pointed out in the past that this prior registration requirement was standing in the way of foreign investors access to Korean capital market, the FSC decided to abolish the registration requirement (IRC: Investment Registration Certificate)which had been in place for about 30 years since 1992through a revision of the Financial Investment Services and Capital Markets Act (FSCMA) in December last year. As a result, without first having to register with the Financial Supervisory Service (FSS), foreign investors are now able to use either legal entity identifiers (LEIs, for corporate investors) or passport numbers (for individual investors) to open their investment accounts at financial companies and make investments in domestically listed securities. After monitoring the trend in new account opening, the authorities found that during the six-month period after the abolishment of the prior registration requirement (between December 15, 2023 and June 12, 2024), there were 1,432 new investment accounts opened by foreign investors using either LEIs or passports. Among them, there were 1,216 corporate entities and 216 individual investors with new accounts opened at 36 securities firms and banks. In particular, from March this year, the number of new account opening by foreigners has grown to about 300 to 400 every month. Considering that the average monthly IRC issuance was 105 in the year of 2023, the abolishment of the prior registration requirement appears to be contributing to the enhancement of market access for foreign investors. In this regard, FSC Vice Chairman Kim Soyoung stated that the abolishment of the prior registration requirement has made it more convenient for foreign investors to open an account, and so consequently, t
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May 16, 2024
- FSC Chairman Holds Meeting on Promoting Investment for Startups and Venture Businesses
- Chairman Kim Joo-hyun of the Financial Services Commission held a meeting on promoting investment for startups and venture businesses on May 16. At the meeting, participants went over the progress of policy measures implemented since April last year, which were intended to boost funding support for innovative startups and venture businesses and bolster their competitiveness amid the investment crunch experienced by startup businesses. Backed by the active role of policy funds, experts at the meeting assessed that the investment situation shows signs of recovery and that the situation in domestic market appears to be faring better than those seen in overseas markets. A group of businesses that have benefited from particular policy measures also attended the meeting to share their experiences in (a) expanding business operation through MA, (b) taking advantage of the program intended to assist businesses operating outside the Seoul metropolitan area, and (c) going overseas or attracting investment from overseas. These businesses requested that these policy support measures made available on an ongoing and expanded basis. After reviewing the status of funding support made available for startups and venture businesses by Korea Development Bank, Industrial Bank of Korea, Korea Credit Guarantee Fund, and Korea Growth Investment Corporation, Chairman Kim outlined plans for this years startup and venture investment support. First, a total of KRW15.4 trillion in policy funds will be supplied, an increase of about 30 percent from the previous year, to ensure the provision of seamless funding support for up-and-coming startups equipped with technological prowess. Through IBKs venture investment program, some KRW500 billion or more in funding support will be provided to early-state startups. In addition, KDB-IBKs secondary fund worth KRW1.2 trillion has already begun with its investment projects in May this year to facilitate functions and improve conditions in the secondary ma
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May 09, 2024
- Authorities Introduce ATS Operation Plan to Promote Improvement in Capital Market Infrastructure
- The Financial Services Commission announced that Koreas first alternative trading system (ATS), Nextrade, will begin to operate in domestic market starting in the first half of next year. This will mark the operation of a multiple and competition-based stock trading system in Koreas capital market as in the case with those found in major overseas economies. Introducing an ATS has been a key part of the governments capital market reform initiative, and it is intended to make domestic capital market more accessible for investors with enhanced convenience for transactions. With the operation of an ATS, stock trading hours will be extended to twelve hours a day from 08:00 am to 08:00 pm. Also, as more order types will become available for investors with enhanced competition to help lower fees, transaction costs will be reduced and trading convenience improved for investors. Seminar on ATS Operation Plan The FSC held a seminar on the measures for operating ATS with the Korea Financial Investment Association, Korea Exchange (KRX), and Nextrade on May 9. As the preliminary approval for operating an ATS was granted to Nextrade in July 2023, the FSC and related organizations have since worked on the measures for ATS operation and plans for ensuring effective market oversight in a comprehensive and integrated manner. At todays seminar, the authorities unveiled the measures and held discussions with market participants. FSC Vice Chairman Kim Soyoung delivered congratulatory remarks at the beginning of the seminar and emphasized the importance of ensuring stability and fairness in market management. Vice Chairman Kim also asked participants to thoroughly prepare for the official launch of an ATS and to ensure that investors are kept posted with relevant information. In addition, Vice Chairman Kim said that the financial authorities will work to prepare guidelines and revise relevant rules and regulations necessary for the operation of an ATS. A New Stock Trading Experience With
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May 02, 2024
- Guidelines on Corporate Value-up Plan Unveiled to Support Listed Companies' Voluntary Efforts to Boost Corporate Value
- The Financial Services Commission (FSC), the Korea Exchange (KRX), Korea Capital Market Institute (KCMI) and relevant organizations held the second seminar on the Corporate Value-up Support Plan on Thursday, May 2. At todays seminar, the draft Guidelines for Corporate Value-up Plan, one of key pillars of the Corporate Value-up Program, was unveiled to gather opinions from various stakeholders. Congratulatory Remarks by FSC Vice Chairman FSC Vice Chairman Soyoung Kim delivered congratulatory remarks reaffirming the governments strong will towards capital market reforms. In addition to regulatory reform initiativesin our capital markets that the government has made over the past two years, listed companies value enhancement efforts will help Koreas stock market tackle Korea discount and rise steadily over mid-to long-term, Vice Chairman said. Regarding the draft Guidelines on Corporate Value-up Plan unveiled today, Vice Chairman emphasized the importance of such plans, saying that corporate value-up plans will enable listed companies to communicate with shareholders and market participants about a comprehensive picture over the companies future, and allow investors to better understand companies in which they are going to invest in and make well-informed decision, thereby listed companies will be able to get proper market valuation for their true intrinsic value or expected value. He added that the corporate value-up program shall be deemed as a long-term initiative. In this regard, the guidelines unveiled today are not the end, but the beginning of our long-term plan, Vice Chairman said. Various incentives and support measures including guidelines, consulting, training, etc, will be provided to encourage active participation of listed companies, and then investors will properly evaluate companies value enhancement efforts and reflect them into their investment decision. The government and relevant organizations will continue to support companies corporate value-up ef
