Korea Joongang Daily
Korea JoongAng Daily

Foreigners sell record amount of Korean stocks in March

Foreign investors net sold a new monthly high amount of local stocks in March, data showed Thursday, as the Iran war boosted risk-off sentiment.

2026-04-16

Trust firm deposits up 10% in 2025 amid bullish stock market

Deposits held by trust companies in Korea expanded 10 percent on year in 2025, as investors parked more money in trust products amid a bullish stock market, data showed Wednesday.

2026-04-15

FSS chief discusses capital base, virtual assets regulations in Switzerland

The chief of Korea's financial watchdog has attended a meeting of the Basel Committee earlier this week to discuss pending regulatory issues, including banks' capital rules and risks linked to virtual assets, his office said Thursday.

2026-03-12

FSS begins inspection of Toss Bank after Japanese yen mistakenly traded at half price

The Financial Supervisory Service has begun an on-site inspection of Toss Bank after a glitch caused Japanese yen to be traded at roughly half price on the finance app.

2026-03-11

FSS chief urges foreign financial companies in Korea to support efforts to invigorate local market

The chief of Korea's financial watchdog said on Wednesday that foreign financial companies operating in the country are urged to support efforts to vitalize the local financial market.

2026-02-25

Korea’s financial regulator lowers sanctions on major banks over mis-selling of HSCEI-linked ELS

Korea’s financial regulator lowered the sanctions it plans to impose on major banks over the mis-selling of equity-linked securities (ELS) linked to the Hang Seng China Enterprises Index (HSCEI).

2026-02-13

Over 90% of risky PF loans restructured as of end-September: Watchdog

Over 90 percent of loans extended to risky real estate development projects had been restructured through September via sell-offs or recapitalization, the financial watchdog said Tuesday.

2025-12-23

FSS proposes heavy sanctions against MBK Partners over investor fund violations in Homeplus case

The Financial Supervisory Service (FSS) has issued a preliminary notice of heavy disciplinary action against MBK Partners in relation to its acquisition of retailer Homeplus.

2025-11-23

After public pressure, FSS chief agrees to sell one of his Gangnam apartments

Lee Chan-jin, governor of the Financial Supervisory Service (FSS), has put one of his two apartments up for sale, following criticism over him for owning multiple homes in Seoul’s affluent Gangnam area.

2025-10-27

FSS employees wear black to protest gov't plan to restructure financial watchdog agencies

Hundreds of employees at the Financial Supervisory Service (FSS) wore black to work on Tuesday to protest the government’s plan to restructure financial oversight agencies.

2025-09-09