Publication:
Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - IOSCO Objectives and Principles of Securities Regulation

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dc.contributor.authorInternational Monetary Fund
dc.contributor.authorWorld Bank
dc.date.accessioned2014-11-19T21:41:24Z
dc.date.available2014-11-19T21:41:24Z
dc.date.issued2014-09
dc.description.abstractAn assessment of the level of implementation of the IOSCO Objectives and Principles of Securities Regulation (IOSCO Principles) was conducted in the Republic of Korea (Korea) from April 3 to 19, 2013 as part of the IMF-World Bank Financial Sector Assessment Program (FSAP). The assessment was made by Eija Holttinen, Monetary and Capital Markets Department, IMF, and Andrea Corcoran, an external expert working for the World Bank. The previous IOSCO assessment of Korea was conducted in 2001-02 before the first IOSCO Assessment Methodology had been developed. From the perspective of the IOSCO Principles, this is therefore effectively a first assessment. Hence, comparisons with the prior assessment are discouraged since the process has since been refined to promote consistency and has become progressively more rigorous. The assessment was based on: (i) a self-assessment and additional written responses prepared by the authorities; (ii) reviews of the relevant legislation and regulations; (iii) meetings with the management and staff of the FSC, SFC, FSS, Ministry of Strategy and Finance (MOSF), Bank of Korea (BOK), Seoul Central District Public Prosecutor s Office; and (iv) meetings with SROs and market participants, including the KRX, Korea Securities Depository (KSD), KOFIA, KICPA, Korean Chamber of Commerce and Industry, banks, securities companies, fund managers, issuers, credit rating agencies, audit firms and local lawyers specialized in securities markets law.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/09/20375068/korea-republic-financial-sector-assessment-program-detailed-assessement-observance-iosco-objectives-principles-securities-regulation
dc.identifier.doi10.1596/20580
dc.identifier.urihttps://hdl.handle.net/10986/20580
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTANT
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectALTERNATIVE TRADING SYSTEM
dc.subjectALTERNATIVE TRADING SYSTEMS
dc.subjectASSET MANAGEMENT
dc.subjectAUDIT COMMITTEE
dc.subjectAUDIT STANDARDS
dc.subjectAUDITS
dc.subjectAUTHORIZATION REQUIREMENT
dc.subjectBANK BRANCHES
dc.subjectBANKING INSTITUTIONS
dc.subjectBANKRUPTCY
dc.subjectBOND
dc.subjectBOND BUSINESS
dc.subjectBOND TRADING
dc.subjectBONDS
dc.subjectBOOK VALUE
dc.subjectBROKER
dc.subjectBROKERAGE
dc.subjectBUSINESS INVESTMENT
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL RATIO
dc.subjectCAPITAL REQUIREMENT
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL SECURITIES DEPOSITORY
dc.subjectCHECKS
dc.subjectCIVIL LAW
dc.subjectCLIENT ASSETS
dc.subjectCODE OF CONDUCT
dc.subjectCOLLATERAL
dc.subjectCOLLECTIVE INVESTMENT
dc.subjectCOMMERCIAL LAW
dc.subjectCOMPENSATION FUNDS
dc.subjectCONDUCT REQUIREMENTS
dc.subjectCONFIDENTIALITY
dc.subjectCONFLICTS OF INTEREST
dc.subjectCORPORATE GOVERNANCE
dc.subjectCREDIBILITY
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT POLICIES
dc.subjectCREDIT RATING
dc.subjectCREDIT RATING AGENCIES
dc.subjectCREDIT RATING AGENCY
dc.subjectCREDIT UNIONS
dc.subjectCUSTODY
dc.subjectDEBT
dc.subjectDEFAULT RISK
dc.subjectDEFAULTS
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITOR
dc.subjectDEPOSITS
dc.subjectDERIVATIVES
dc.subjectDERIVATIVES MARKETS
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDISPUTE RESOLUTION
dc.subjectENFORCEMENT MECHANISMS
dc.subjectENFORCEMENT POWERS
dc.subjectENFORCEMENT PROCESS
dc.subjectEQUITIES
dc.subjectEQUITY SECURITIES
dc.subjectEXPOSURE
dc.subjectEXPOSURES
dc.subjectFAIR TRADE
dc.subjectFAIR VALUE
dc.subjectFINANCE CORPORATION
dc.subjectFINANCIAL CONTRACTS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKET PARTICIPANTS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFIXED INCOME
dc.subjectFIXED INCOME SECURITIES
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INVESTORS
dc.subjectFRAUD
dc.subjectFUND ASSETS
dc.subjectFUND MANAGEMENT
dc.subjectFUND MANAGERS
dc.subjectFUTURES
dc.subjectFUTURES CONTRACT
dc.subjectFUTURES EXCHANGE
dc.subjectFUTURES MARKETS
dc.subjectHEDGE FUND
dc.subjectHEDGE FUND MANAGERS
dc.subjectHEDGE FUNDS
dc.subjectHOLDING
dc.subjectHOLDINGS
dc.subjectILLIQUID SECURITIES
dc.subjectINCOME INSTRUMENTS
dc.subjectINDEPENDENT JUDICIARY
dc.subjectINDIRECT HOLDING SYSTEMS
dc.subjectINFORMATION SERVICE
dc.subjectINFORMATION SHARING
dc.subjectINFORMATION SYSTEM
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSIDER TRADING
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE CORPORATION
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURERS
dc.subjectINTERESTS OF INVESTORS
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL BEST PRACTICE
dc.subjectINTERNATIONAL COOPERATION
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL STANDARD
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTMENT MANAGEMENT
dc.subjectINVESTMENT STRATEGY
dc.subjectINVESTOR BASE
dc.subjectINVESTOR PROTECTION
dc.subjectISSUANCE
dc.subjectJUDICIAL SYSTEM
dc.subjectJURISDICTION
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL IMPEDIMENTS
dc.subjectMARKET CAPITALIZATION
dc.subjectMARKET DEVELOPMENTS
dc.subjectMARKET INFRASTRUCTURE
dc.subjectMARKET INFRASTRUCTURES
dc.subjectMARKET INTERMEDIARIES
dc.subjectMARKET INTERMEDIARY
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PRACTICE
dc.subjectMARKET PRACTICES
dc.subjectMARKET STRUCTURE
dc.subjectMARKET SURVEILLANCE
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectMONEY MARKET
dc.subjectMONOPOLY
dc.subjectMUTUAL SAVINGS
dc.subjectPOLICY RESPONSES
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO MANAGERS
dc.subjectPOTENTIAL INVESTOR
dc.subjectPRICE LIMITS
dc.subjectPRIMARY MARKET
dc.subjectPRIVATE PLACEMENT
dc.subjectPRIVATE PLACEMENTS
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPUBLIC OFFERING
dc.subjectREAL ESTATE
dc.subjectREGISTRATION STATEMENT
dc.subjectREGISTRATION STATEMENTS
dc.subjectREGULATOR
dc.subjectREGULATORS
dc.subjectREGULATORY AUTHORITIES
dc.subjectREGULATORY AUTHORITY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REQUIREMENTS
dc.subjectREGULATORY STRUCTURE
dc.subjectREGULATORY SYSTEM
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENTS
dc.subjectRETAIL INVESTORS
dc.subjectRIGHTS OF SHAREHOLDERS
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT SYSTEMS
dc.subjectSAVINGS BANKS
dc.subjectSECONDARY MARKETS
dc.subjectSECURITIES
dc.subjectSECURITIES BROKERS
dc.subjectSECURITIES DEALERS
dc.subjectSECURITIES EXCHANGES
dc.subjectSECURITIES HOLDING
dc.subjectSECURITIES LAW
dc.subjectSECURITIES MARKET
dc.subjectSECURITIES MARKETS
dc.subjectSECURITIES REGULATION
dc.subjectSECURITIES REGULATOR
dc.subjectSELF-REGULATION
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT SYSTEM
dc.subjectSETTLEMENT SYSTEMS
dc.subjectSHAREHOLDERS
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK MARKET
dc.subjectSTOCK PRICE
dc.subjectSTOCKS
dc.subjectSUPERVISION OF BANKS
dc.subjectSUPERVISORY AGENCIES
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectSUPERVISORY AUTHORITY
dc.subjectSYSTEMIC RISK
dc.subjectSYSTEMIC RISKS
dc.subjectTRADES
dc.subjectTRADING
dc.subjectTRADING ACTIVITY
dc.subjectTRADING SYSTEM
dc.subjectTRADING SYSTEMS
dc.subjectTRADING VALUE
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectTRUSTEE
dc.subjectTRUSTEES
dc.subjectTURNOVER
dc.subjectVALUATION
dc.titleRepublic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - IOSCO Objectives and Principles of Securities Regulationen
dspace.entity.typePublication
okr.date.disclosure2014-11-13
okr.date.doiregistration2025-05-07T09:49:08.374020Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2014/09/20375068/korea-republic-financial-sector-assessment-program-detailed-assessement-observance-iosco-objectives-principles-securities-regulation
okr.globalpracticeFinance and Markets
okr.guid205241468273597596
okr.identifier.externaldocumentum000333037_20141112212755
okr.identifier.internaldocumentum20375068
okr.identifier.report92621
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/11/12/000333037_20141112212755/Rendered/PDF/926210FSAP0P140rea0Update0DAR0IOSCO.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryKorea, Republic of
okr.sectorFinance :: General finance sector
okr.themeInternational financial standards and systems
okr.themeFinancial and private sector development
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicPrivate Sector Development::E-Business
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.unitFinance & Markets - GP - IBRD (GFMDR)
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