The Financial Services Commission has published its annual designations for 2026, identifying five bank holding companies and five banks as domestic systemically important banks (D-SIBs) and, under the Act on the Structural Improvement of the Financial Industry, as domestic systemically important financial institutions (D-SIFIs). The 2026 list is unchanged from the previous year, meaning there is no increase in the capital ratios required of the designated firms. The designated bank holding companies are Shinhan Financial Group, KB Financial Group, Hana Financial Group, Woori Financial Group, and NH Financial Group, and the designated banks are Shinhan Bank, Woori Bank, KB Kookmin Bank, KEB Hana Bank, and NH Bank. D-SIBs are required to set aside an additional 1.0 percent of common equity capital, with the FSC applying assessment criteria recommended by the Basel Committee on Banking Supervision. As D-SIFIs, the designated firms must prepare and submit their recovery plans to the Financial Supervisory Service within three months of designation.
South Korea Financial Services Commission 2025-07-23
South Korea Financial Services Commission confirms unchanged 2026 domestic systemically important banks and financial institutions and the 1% capital add-on
The South Korea Financial Services Commission has designated five bank holding companies and five banks as domestic systemically important banks (D-SIBs) and financial institutions (D-SIFIs) for 2026, with no changes from the previous year. The entities include Shinhan Financial Group, KB Financial Group, Hana Financial Group, Woori Financial Group, NH Financial Group, and their respective banks. D-SIBs must maintain an additional 1.0% common equity capital, and D-SIFIs are required to submit recovery plans to the Financial Supervisory Service.