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Persistent link: https://www.econbiz.de/10003071546
The Korean economy is slowing in the face of strong global headwinds. It is projected to bottom out during the course of 2012, regaining momentum towards the end of the year, in line with the global recovery. The main short-term risk to the outlook is a further intensification of the euro area...
Persistent link: https://www.econbiz.de/10011242482
This 2013 Article IV Consultation highlights that the Republic of Korea has experienced impressive growth since the … counter forthcoming headwinds to potential growth. Korea is reaping the benefits of prudent macroeconomic management and …
Persistent link: https://www.econbiz.de/10011242583
EXECUTIVE SUMMARY Korea has a well-developed payment, clearing, and settlement infrastructures. BOK-WIRE+ is the real … markets are settled. It is operated by the Bank of Korea (BOK). The Korea Exchange (KRX) is the main player in the securities …
Persistent link: https://www.econbiz.de/10011243013
Korea experienced significant financial distress in the late 1990s along with some of its Asian neighbors. The … 2007–08 helped them establish a broad crisis management framework in Korea. Improving and formalizing the framework for … Supervisory Service (FSS), Bank of Korea (BOK), and Korea Deposit Insurance Corporation (KDIC) as members, and by including crisis …
Persistent link: https://www.econbiz.de/10011243319
SUMMARY, KEY FINDINGS, AND RECOMMENDATIONS The Republic of Korea has a moderate level of compliance with the Basel Core … need to be addressed and although the Republic of Korea counts with a strong—albeit overly complex—regulatory framework … and with thorough supervisory practices, a number of areas require attention so that the Republic of Korea can meet the …
Persistent link: https://www.econbiz.de/10011243937
information have been removed. Since 2011, Korea also applies the Korean International Financial Reporting Standards (K-IFRS) that …-deliberation committees at various levels. Self-regulatory organizations—the Korea Exchange (KRX), the Korea Financial Investment …
Persistent link: https://www.econbiz.de/10011244318
This paper discusses key findings of the Report on the Observance of Standards and Codes for the Republic of Korea …. Responsibilities, objectives, and powers related to banking supervision are clearly defined in the Republic of Korea. The legal …
Persistent link: https://www.econbiz.de/10011245311
The financial stability assessment under the Financial Sector Assessment Program (FSAP) for Korea was carried out in … the Bank of Korea (BOK), complemented by macroeconomic projections from the BOK’s macroeconomic model. These were …
Persistent link: https://www.econbiz.de/10011245336
This Financial System Stability Assessment report on the Republic of Korea highlights that the Korean economy is …
Persistent link: https://www.econbiz.de/10011245747