FSC Chairman Highlights Importance of Timing and Sufficient Provision of Support for Key IndustriesMay 28, 2020

FSC Chairman Eun Sung-soo delivered congratulatory remarks at a launch event of the key industry stabilization fund on May 28.* Please refer to the attached PDF for details.

FSC Chairman Speaks on Fintech Innovation as Part of Post-COVID-19 StrategyMay 28, 2020

FSC Chairman Eun Sung-soo delivered welcoming remarks during the opening session of the 2020 Korea Fintech Week held virtually from May 28.* Please refer to the attached PDF for details.

Vice Chairman Holds Talks on Promoting Market-Based Corporate RestructuringMay 28, 2020

FSC Vice Chairman Sohn Byungdoo held talks on promoting more market-based approaches to corporate restructuring with relevant institutions and market experts on May 28.* Please refer to the attached PDF for details.

2020 Online Korea Fintech WeekMay 27, 2020

The 2nd Korea Fintech Week will be held virtually starting at 10 am on May 28. It is organized into five sessions, and the virtual exhibitions are open to everyone for viewing at free of charge via www.fintechweek.or.kr/2020.* Please refer to the attached PDF for details.

Vice Chairman Calls for Close Cooperation between Businesses, Creditors and Lending InstitutionsMay 26, 2020

FSC Vice Chairman Sohn Byungdoo held the 5th financial risk assessment meeting on May 26 to check the current status of the COVID-19 financial support for businesses and households.* Please refer to the attached PDF for details.

Improvements in Payinfo System to Boost Consumer ConvenienceMay 25, 2020

The FSC announced that switching automatic transfer accounts using 'Payinfo' will be possible between banks and non-banks beginning on May 26, which will help improve convenience for consumers and promote competition between financial institutions.* Please refer to the attached PDF for details.

Plans to Create Key Industry Stabilization FundMay 20, 2020

The government announced detailed plans for the operation of the key industry stabilization fund on May 20.* Please refer to the attached PDF for details.

Government Unveils Plans to Create SPV to Support Corporate Bond and CP MarketsMay 20, 2020

The government announced on May 20 specific plans to create a special purpose vehicle (SPV) aimed at supporting the corporate bond and commercial paper markets.* Please refer to the attached PDF for details.

Vice Chairman Holds Meeting on Supervision of Financial ConglomeratesMay 19, 2020

FSC Vice Chairman Sohn Byungdoo convened a consultative meeting on the supervision of financial conglomerates on May 19, and discussed specific plans for their group-wide risk assessment, disclosure and internal risk control systems.* Please refer to the attached PDF for details.

Asia Region Funds Passport to be Launched on May 27May 19, 2020

The government approved the revisions to the enforcement decree of the Financial Investment Services and Capital Markets Act on May 19 in preparation for the implementation of the Asia Region Funds Passport (ARFP) on May 27.* Please refer to the attached PDF for details.