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South Korea's FSC Extends Mandatory CD Issuance Guidance for Six Major Banks Through August 2027

2026-07-21 23:58:29

According to South Korea's Financial Supervisory Service (FSC) on July 22, the regulator extended its administrative guidance requiring six major banks to maintain negotiable certificates of deposit (CD) issuance through August 20, 2027. The targeted banks are KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, and Industrial Bank. SC First Bank was excluded this year as its CD-linked loan balance fell below the 3% threshold, reducing eligible institutions from seven to six. The mandatory issuance ratio was adjusted to 0.57% of banks' total CD-linked loan balances, down from 0.60%, while overall issuance volume is expected to remain around 2 trillion won.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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