Press Release
  • Nine Financial Service Providers Acceped into FSC's Regulatory Sandbox
    Nine Financial Service Providers Acceped into FSC's Regulatory Sandbox

    Nine Financial Service Providers Acceped into FSC's Regulatory SandboxApril 18, 2019

    The FSC announced the first batch of financial service providers accepted into its financial regulatory sandbox.
  • Financial Regulatory Sandbox Launched
    Financial Regulatory Sandbox Launched

    Financial Regulatory Sandbox LaunchedApril 1, 2019

    The FSC officially launched a financial regulatory sandbox today as the Special Act on Financial Innovation Support takes effect on April 1, 2019.
  • FSC Recieved Three Applicants for Preliminary License for Online-only Bank
    FSC Recieved Three Applicants for Preliminary License for Online-only Bank

    FSC Recieved Three Applicants for Preliminary License for Online-only BankMarch 28, 2019

    Three applicants - Kiwoom Bank, Toss Bank and Anyband Smart Bank - have submitted their applications for online-only bank.
  • Financial Policy Plans to Support Innovation-led Growth
    Financial Policy Plans to Support Innovation-led Growth

    Financial Policy Plans to Support Innovation-led GrowthMarch 21, 2019

    The FSC announced financial policy plans to support Korea's innovation-led economic growth.
  • Financial Policy Roadmap for 2019
    Financial Policy Roadmap for 2019

    Financial Policy Roadmap for 2019March 7, 2019

    The FSC laid out a financial policy roadmap for 2019 aimed at promoting financial innovation, ensuring trust and securing financial stability.
  • Banks' Financial Payment System to be Open to Fintech Firms
    Banks' Financial Payment System to be Open to Fintech Firms

    Banks' Financial Payment System to be Open to Fintech FirmsFebruary 25, 2019

    The FSC proposed its plan to establish an open banking system which would allow fintech firms to access banks' payment network, in an effort to encourage development of new payment services and greater competition in the financial sector.
  • FSC to Propose a Bill on P2P Lending
    FSC to Propose a Bill on P2P Lending

    FSC to Propose a Bill on P2P LendingFebruary 11, 2019

    The FSC plans to propose a bill on peer-to-peer(P2P) lending to help P2P sector grow into one of innovative fintech services and provide both investors and borrowers with better protection.
  • Korea Next Exchange (KONEX) to be Revitalized
    Korea Next Exchange (KONEX) to be Revitalized

    Korea Next Exchange (KONEX) to be RevitalizedJanuary 30, 2019

    FSC Chairman Choi JongKu announced a plan for revitalizing KONEX at a meeting with young entrepreneurs and venture capital investors.
  • Follow-up Measures for Capital Market Reform
    Follow-up Measures for Capital Market Reform

    Follow-up Measures for Capital Market ReformJanuary 21, 2019

    The FSC will introduce a new category of brokerage companies specialized in capital raising business for SMEs & venture companies. Moreover, in order to broaden and diversity a pool of professional investors, the FSC plans to ease registration requirements and relevant procedures
  • Fintech Policy Direction for 2019
    Fintech Policy Direction for 2019

    Fintech Policy Direction for 2019January 16, 2019

    FSC Chairman Choi JongKu outlined the FSC's policy priorities for fintech innovation in 2019 at a meeting with fintech entrepreneurs, financial institution executives and investors.