(Finance System comprises the central banking system, the payment and settlement

systems, the financial supervisory system, the deposit insurance system and the stock
exchange system, etc.)

1. Financial Infrastructure

- Bank of Korea, founded on June 12, 1950, serves as Korea’s central bank.
- ( It consists of payment methods, participant institutions, laws related to payment and
settlement systems and financial market infrastructure. Payment methods include cash
and non-cash instruments such as bills, checks and credit cards.)
- ( The financial supervisory system aims to protect the properties of finance customers
and promote financial transactions by ensuring that institutions conduct financial
intermediation fairly, as well as by fostering sound management)
- Korea applies an integrated financial supervisory system, in which the Financial Services
Commission (FSC) and the Financial Supervisory Service (FSS) supervise nearly all
financial institutions.
- The deposit insurance system in Korea was organized in 1996 with establishment of the
Korea Deposit Insurance Corporation ( The deposit insurance system serves as a
financial safety net, protecting small-scale depositors from the reckless management of
financial institutions and preventing bank runs.)
- the Korea Stock Exchange, KOSDAQ stock market, Korea Futures Exchange and KOSDAQ
Committee were merged into the Korea Exchange (KRX) to enhance market integration
and coordination. (A stock exchange system establishes and operates markets for
securities and in-house derivatives to be traded reliably and efficiently, including the
sale, liquidation and settlement of securities and in-house derivatives, while also
monitoring the markets. All trading of stocks, bonds, exchange-traded funds (ETFs),
exchange-traded notes (ETNs), and derivatives takes place through the KRX.)
2. Financial Institutions
(Financial institutions serve mainly as intermediaries for savings and investment
between savers and borrowers, and are commonly divided into six categories: banks,
non-bank depository institutions, financial investment services providers, insurance
companies, other financial institutions, and public financial institutions)
3. Financial market
 4. Lưu ý : chữ đỏ bỏ vào slides, chữ đen là để đọc, còn cái nào không có chữ thì phân loại
như ảnh.
Reference :

Jin Shik , S. , Jong Ho ,C. , Young Uk, K., Jee Hee, M., Jae Hoon, C., Sun Young, K.,
Bo Kyung, K., Eun Jee, N., Hyun Jung, H ., (2018). Financial System in Korea : Juyeol,
L.