earticle

영어

Even though the prompt corrective action (hereinafter PCA) over financial institutions was adopted during the Korean financial crisis by the Act concerning the Structural Improvement of the Financial Industry (hereinafter ASIFI), the PCA has been still provided in order to resolve problems of insufficient financial institutions in the post-financial crisis. In this sense, the PCA has been debated.
This arguing is also suitable in the financial holding companies in Korea. In this regard, Part Ⅱexamines the PCA system under the ASIFI and its Enforcement Decree, and the Korean Financial Holding Company Act (hereinafter KFHCA), its Enforcement Decree, Regulation on Supervision of Financial Holding Companies (hereinafter RSFHC) and Rules on the RSFHC. Part Ⅲreviews several drawbacks of the PCA system and Part Ⅵ finally recommends some resolutions to remove or decrease some problems of the PCA system for the efficacy of Korean
financial holding companies.