South Korea's Financial Supervisory Service fined Hana Bank 370 million won for breaching credit extension rules involving major shareholders' related parties, citing failures in reporting and disclosure, as well as additional violations of electronic banking and reporting regulations.
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FSS Fines Hana Bank 370 Million Won for Violations in Credit Extension Procedures
South Korea's Financial Supervisory Service fined Hana Bank 370 million won for breaching credit extension rules involving major shareholders' related parties, citing failures in reporting and disclosure, as well as additional violations of electronic banking and reporting regulations.
The Financial Supervisory Service (FSS) has launched an expedited inspection into BNK Financial Group's chairman selection process, following President Lee Jae-myung's criticism of entrenched leadership structures, with potential regulatory action pending the outcome.
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FSS Launches Immediate Probe into BNK Financial—Accelerates Action on 'Corrupt Inner Circle'
The Financial Supervisory Service (FSS) has launched an expedited inspection into BNK Financial Group's chairman selection process, following President Lee Jae-myung's criticism of entrenched leadership structures, with potential regulatory action pending the outcome.
FSC Vice Chairman Lee Ok-won said restoring confidence in South Korea's stock market will help stabilize the won, while strict household loan curbs will continue but lending rates may fall due to new banking rules.
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Lee Ok-won Says 'Stronger Market Confidence Will Stabilize Won-Dollar Exchange Rate'
FSC Vice Chairman Lee Ok-won said restoring confidence in South Korea's stock market will help stabilize the won, while strict household loan curbs will continue but lending rates may fall due to new banking rules.
New Financial Supervisory Commission to Be Granted Power to Demand Dismissal of Bank and Insurance Executives
South Korea’s new Financial Supervisory Commission will be empowered to demand the dismissal of bank and insurance executives, as part of sweeping regulatory reforms tied to government reorganization.
South Korean banks remain highly cautious on equity investments due to strict legal limits, lagging global peers and prompting calls for risk-based regulatory reform to boost capital market participation.
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[Chang Houn Han's Column] Why Are Banks Reluctant to Invest in Equities?
South Korean banks remain highly cautious on equity investments due to strict legal limits, lagging global peers and prompting calls for risk-based regulatory reform to boost capital market participation.
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