Weekly e-Briefing 1. Progress on Improving South Korea Banks’ Corporate Governance

Progress on Improving South Korea Banks’ Corporate Governance

The global financial crisis has shed light on the importance of corporate governance in financial institutions. In particular, banks have been the major beneficiaries of government relief programs  such as government guarantee for bank deposits and foreign debts. However, as the OECD and the BCBS noted, banks board of directors often neglected their social responsibility by failing in risk management, pursuing short-term profits, and paying out excessive compensation. To see more, Please visit http://www.fsc.go.kr/eng/index.jsp

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About FSC Korea
The Financial Services Commission has been established for the purpose of protecting the integration of Korea’s financial markets by promoting sound credit system and fair business practices. To this end, the FSC serves as a consolidated policy making body for all matters pertaining to supervision of the financial industry as a whole. To raise the efficiency, the posts of the FSC Chairman and the FSS Governor were separated on March 2008 for clear distinction between policy-making and execution of financial market supervision

2 Responses to Weekly e-Briefing 1. Progress on Improving South Korea Banks’ Corporate Governance

  1. Dohyun M. Kim says:

    I watched the video clip well.

    It’s the great idea as well as the new attempt for Fin Pol I think ^____^

    However, meanwhile , I haven’t used this way.. ㅠㅡㅠ

    I’ll give more effort! ^____^ㅋ

  2. dorsay says:

    Thanks. The video clip will be useful for you to grasp weekly hot issues. So it may help your work. 🙂

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