Preliminary Application Opens for MyData BusinessesJuly 13, 2020

The FSC announced the opening of the preliminary application process for MyData businesses from July 13 until August 4.* Please refer to the attached PDF for details.

FSC Chairman Speaks about Promoting Artificial Intelligence in Financial IndustryJuly 9, 2020

FSC Chairman Eun Sung-soo visited the Korea Insurance Development Institute's automobile technology research center in Icheon-si, Gyeonggi-do on July 9 to see the application of artificial intelligence in auto insurance, and held talks on the topic of the insurance industry in the 4th industrial revolution and post-pandemic era.* Please refer to th...

Household Loans, June 2020July 9, 2020

The outstanding balance of household loans in all financial sectors rose KRW8.5 trillion from the previous month in June 2020 (up 5.4% year-on-year).* Please refer to the attached PDF for details.

Government to Provide Consulting and Financial Support to Businesses in RestructuringJuly 7, 2020

Vice Chairman Sohn Byungdoo presided over the 11th financial risk assessment meeting on July 7 to discuss the financial market conditions and monitor the progress in implementing the COVID-19 financial support.* Please refer to the attached PDF for details.

FSC Chairman Underscores Balance between Financial Innovation and Data SecurityJuly 7, 2020

FSC Chairman Eun Sung-soo attended a seminar held by the Financial Security Institute commemorating the day of information protection on July 7 and delivered a keynote address underscoring the importance of maintaining a balance between financial innovation and data security.* Please refer to the attached PDF for details.

FSC Holds Seminar to Further Develop Open Banking SystemJuly 6, 2020

The FSC held an open banking seminar to promote vibrant discussions on ways to further develop the open banking system on July 6. Vice Chairman Sohn Byungdoo attended the seminar and delivered congratulatory remarks.* Please refer to the attached PDF for details.

3rd Supplementary Budget to Ensure Implementation of COVID-19 Financial Support ProgramsJuly 6, 2020

The FSC announced that more than KRW4.7 trillion in fiscal resources has become available to facilitate smooth implementation of the various pandemic-related financial support programs as the National Assembly passed the 3rd supplementary budget on July 3.* Please refer to the attached PDF for details.

FSC to Inspect Fraud-prone Sectors for Financial Consumer ProtectionJuly 2, 2020

The FSC and the FSS unveiled plans for comprehensive inspections targeting fraud-prone areas to stem potential damages to financial consumers from illegal activities.* Please refer to the attached PDF for details.

Implementation Status of COVID-19 Financial Support ProgramsJuly 2, 2020

The FSC announced the current implementation status of the government's financial response to COVID-19 at the 9th Meeting of Central Economic Response Headquarters held on July 2.* Please refer to the attached PDF for details.

2020 Online Korea Fintech Week to be Available until the End of YearJuly 2, 2020

The 2020 Online Korea Fintech Week which began on May 28 has attracted more than 170,000 visitors and 110 million page views during the one month period. A total of 150 virtual exhibition halls are available hosted by financial companies and fintechs.* Please refer to the attached PDF for details.