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You can help expand this article with text translated from the corresponding article in Korean. (March 2013) Click [show] for important translation instructions. Content in this edit is translated from the existing Korean Wikipedia article at [[:ko:대한민국 금융위원회]]; see its history for attribution. {{Translated|ko|대한민국 금융위원회}} to the talk page. |
금융위원회 金融委員會 Geumnyung Wiwonhoe | |
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![]() FSC headquarters in Government Complex SeoulofJongno District | |
Agency overview | |
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Formed |
(as Financial Services Commission) |
Preceding agency |
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Jurisdiction | Government of South Korea |
Headquarters | Seoul, South Korea |
Agency executives |
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Parent agency | Office of Prime Minister of South Korea |
Child agency | |
Website | fsc.go.kr/eng |
Financial Services Commission | |
Hangul | 금융위원회 |
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Hanja | 金融委員會 |
Revised Romanization | Geumnyung Wiwonhoe |
McCune–Reischauer | Kŭmnyung Wiwŏnhoe |
The Financial Services Commission (FSC), formerly Financial Supervisory Commission, is South Korean government's top financial regulator. It makes financial policies, and directs the Financial Supervisory Service.
The Financial Supervisory Commission was established in 1998. With the start of Lee Myung-bak administration, the Commission was rearranged into the Financial Services Commission; the new one took over the policy-making authority from the Finance Ministry.
As part of social responsibility, in 2014 the FSC Chairman Shin Je-yoo made plans to regulate the degree of innovativeness of banks requiring them to make the public the wages employees and executives in comparison to overall profit.
This part of measured to encourage financial banks to create more value and jobs with an innovative management. It will see whether the banks are financing enough promising tech firms for going conservative practices and filling their social responsibility.[1]
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See also: Economy of North Korea |
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