2026 Recovery and Resolution Plans for Systemically Important Financial Institutions
2026년도 금융체계상 중요한 금융기관의 자체정상화·부실정리계획 · English Translation
자체정상화계획 영문 · 부실정리계획 영문본 · 금융체계상 중요한 금융기관(D-SIFI) 영문
This is an English translation of the joint press release of the Financial Services Commission (FSC), the Financial Supervisory Service (FSS), and the Korea Deposit Insurance Corporation (KDIC) announcing approval of the 2026 recovery and resolution plans for Korea’s 10 domestic systemically important financial institutions (D-SIFIs).
What this press release covers
- Approval of the 2026 recovery plans of the 10 D-SIFIs and the KDIC-established resolution plans
- Comparison of recovery plans vs. resolution plans (purpose, preparer, evaluation and approval)
- The Prompt Corrective Action escalation ladder, from recovery measures to insolvency designation
- Preparation, evaluation, and approval timelines for both plan types
- Supervisory feedback: cyber-incident response, the digital bank-run indicator, and conservative estimation of recovery measures
- References on the legal basis (Structural Improvement Act) and the components of each plan
Why this edition
Korea's recovery and resolution planning regime is closely watched by foreign banks, rating agencies, and cross-border counterparties, but the announcements are published only in Korean. This English edition provides a faithful translation — including the diagrams and reference materials — prepared and reviewed by H&S Partners, a licensed Korean law office.
Frequently asked questions
Which institutions are covered?
The 10 D-SIFIs selected in July 2025 — the Shinhan, KB, Hana, Woori, and NH financial holding companies and their respective banks.
Does this include the diagrams?
Yes — the comparison table, the Prompt Corrective Action ladder, and both approval timelines are included.