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 …

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 …

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 …

This Financial System Stability Assessment report on the Republic of Korea highlights that the Korean economy is …

Korea was hit hard by the 2008 global financial crisis, with the foreign bank deleveraging channel coming prominently … 2008. Impulse responses from a Dynamic Stochastic General Equilibrium (DSGE) model calibrated to Korea shows that it … appears better prepared to handle such shocks relative to 2008. Indeed, Korea is much more resilient to such shocks due to the …

Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly … promote more sustainable and inclusive growth in Korea. In particular, simulation results suggest that social spending which …—there is still a social spending gap relative to Korea’s OECD peers. Because of several fiscal challenges in the coming decades …