Government to Closely Monitor Business Needs amid COVID-19 OutbreakFebruary 21, 2020

FSC Vice Chairman Sohn Byungdoo convened a meeting on February 21, 2020 to assess the implementation of the financing support intended to help SMEs and small merchants amid the COVID-19 outbreak.* Please refer to the attached PDF for details.

FSC Designates 9 More Financial Solutions for Regulatory SandboxFebruary 20, 2020

The FSC designated nine additional financial solutions as ‘innovative financial services’ to be added to its regulatory sandbox program on February 19, 2020.* Please refer to the attached PDF for details.

2020 Work Plan Focuses on Financial Innovation to Support Innovative BusinessesFebruary 17, 2020

The Financial Services Commission along with other economic ministries presented the 2020 Work Plan on February 17, 2020. The FSC has outlined 10 key policy tasks for this year.* Please refer to the attached PDF for details.

Measures to Improve Regulatory Framework on Hedge FundsFebruary 14, 2020

The Financial Services Commission and the Financial Supervisory Service unveiled on February 14, 2020 an evaluation of hedge fund market and the measures to improve its regulatory framework.* Please refer to the attached PDF for details.

FSC to Hold Information Session on Revised Credit Information ActFebruary 13, 2020

The Financial Services Commission will hold an information session on February 20, 2020 on the amendment of the Credit Information Use and Protection Act, which is scheduled to take effect starting August 5, 2020.* Please refer to the attached PDF for details.

Government Will Ensure Prompt and Seamless Delivery of Financing Support to BusinessesFebruary 13, 2020

FSC Vice Chairman Sohn Byungdoo convened a meeting on February 13, 2020 to review the progress of the recently unveiled financing support measures aimed at helping SMEs and small merchants amid the new coronavirus (COVID-19) outbreak.* Please refer to the attached PDF for details.

Government to Support Educational Programs to Cultivate Digital Finance SpecialistsFebruary 12, 2020

The Financial Services Commission and the Seoul Metropolitan Government will provide KRW19 billion over a 4-year period (2020-2023) to launch educational programs aimed at cultivating more specialists in digital finance.* Please refer to the attached PDF for details.

Government to Support Financing of SMEs and Small Merchants Hit by CoronavirusFebruary 7, 2020

The government announced on February 7, 2020 plans to make new financing reliefs available for SMEs and small merchants that have suffered losses due to the spread of the new coronavirus.* Please refer to the attached PDF for details.

FSC Approves Kakao Pay to Become Largest Shareholder in Baro Investment & SecuritiesFebruary 5, 2020

The Financial Services Commission approved on February 5, 2020 Kakao Pay’s shareholding qualifications to become the largest shareholder of Baro Investment & Securities.* Please refer to the attached PDF for details.

Government Provides Financing Support for SME Facility InvestmentFebruary 3, 2020

The government will provide SMEs with KRW4.5 trillion in loans to boost their investment in facilities starting from February 10, 2020.* Please refer to the attached PDF for details.