IMF Staff Country Reports

Republic of Korea : Financial System Stability Assessment and Press Release for the Republic of Korea

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

April 20, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The FSSA was prepared by a staff team of the IMF for the Executive Board’s consideration on Friday, March 27. The staff report reflects discussions with the Korean authorities in September and December 2019 and is based on the information available as of end June 2019. It focuses on Korea’s near and medium-term financial stability challenges and policy priorities and was prepared before COVID-19 became a global pandemic and resulted in unprecedented strains in global trade, commodity and financial markets. It, therefore, does not reflect the implications of these developments and related policy priorities. Staff is closely monitoring the situation and will continue to work on assessing its impact and the related policy response in Korea and globally.

Series:

Country Report No. 20/120

Subject:

Financial crises Financial markets Financial systems Macroprudential policies and financial stability Real sector