Press Release
  • KRW1 Trillion-plus Fund to Promote Market-oriented Corporate Restructuring
    KRW1 Trillion-plus Fund to Promote Market-oriented Corporate Restructuring

    KRW1 Trillion-plus Fund to Promote Market-oriented Corporate RestructuringOctober 14, 2020

    The FSC announced that the second round of corporate restructuring fund in the amount of more than KRW1 trillion has already begun to make investments with an aim of fostering conditions to promote market-based corporate restructuring.* Please refer to the attached PDF for details.

  • Household Loans, September 2020
    Household Loans, September 2020

    Household Loans, September 2020October 13, 2020

    The outstanding balance of household loans in all financial sectors rose KRW10.9 trillion from the previous month in September 2020 (up 6.8% year-on-year). The household loan balance increased KRW9.7 trillion in the banking sector and KRW1.1 trillion in the non-banking sector.* Please refer to the attached PDF for details.

  • Vice Chairman Discusses Importance of Steady Financial Support for SMEs and Small Merchants
    Vice Chairman Discusses Importance of Steady Financial Support for SMEs and Small Merchants

    Vice Chairman Discusses Importance of Steady Financial Support for SMEs and Small MerchantsOctober 7, 2020

    Vice Chairman Sohn Byungdoo held the 24th financial risk assessment meeting via teleconference on October 7 and discussed the implementation status of COVID-19 financial support programs and other market conditions.* Please refer to the attached PDF for details..​
  • Government Approves Revised Rules to Facilitate Accounting and Audit Reforms
    Government Approves Revised Rules to Facilitate Accounting and Audit Reforms

    Government Approves Revised Rules to Facilitate Accounting and Audit ReformsOctober 6, 2020

    The government approved the revisions to the Enforcement Decree of the Act on External Audit of Stock Companies during a cabinet meeting held on October 6. The revised rules will become effective on the day of promulgation.* Please refer to the attached PDF for details.

  • Household Loans by Five Major Banks in September 2020
    Household Loans by Five Major Banks in September 2020

    Household Loans by Five Major Banks in September 2020October 5, 2020

    The outstanding balance of household loans by five major banks increased KRW6.6 trillion in September 2020, rising at a slower rate compared to the previous month (up KRW8.4 trillion).* Please refer to the attached PDF for details.

  • FSC Holds Meeting on Cyber Security of Financial Institutions
    FSC Holds Meeting on Cyber Security of Financial Institutions

    FSC Holds Meeting on Cyber Security of Financial InstitutionsOctober 5, 2020

    FSC Chairman Eun Sung-soo held a meeting with relevant authorities to review the cyber security conditions of financial institutions on October 4.* Please refer to the attached PDF for details.
  • FSC Holds 2nd Consultative Body Meeting on Digital Finance
    FSC Holds 2nd Consultative Body Meeting on Digital Finance

    FSC Holds 2nd Consultative Body Meeting on Digital FinanceSeptember 24, 2020

    Vice Chairman Sohn Byungdoo presided over the 2nd consultative body meeting on digital finance on September 24 and discussed the current status of platform businesses entering the financial sector and their impact on the market as well as ways to improve the personal authentication and identity verification system in financial services.* Please ref...
  • FSC Adds 5 More 'Innovative Financial Services' to Regulatory Sandbox
    FSC Adds 5 More 'Innovative Financial Services' to Regulatory Sandbox

    FSC Adds 5 More 'Innovative Financial Services' to Regulatory SandboxSeptember 24, 2020

    The FSC added five more ‘innovative financial services’ to the regulatory sandbox on September 23, bringing the total number of designated services to 115 since the sandbox program was first launched on April 1, 2019.* Please refer to the attached PDF for details.

  • FSC and FSS Sign MOU with Bank of Thailand
    FSC and FSS Sign MOU with Bank of Thailand

    FSC and FSS Sign MOU with Bank of ThailandSeptember 24, 2020

    The FSC and the FSS signed a Memorandum of Understanding (MOU) with the Bank of Thailand on comprehensive cooperation in the areas related to the financial sector and innovation in financial services.* Please refer to the attached PDF for details.

  • KRW1.5 Trillion in Special Guarantees for SMEs Made Available by 4th Supplementary Budget
    KRW1.5 Trillion in Special Guarantees for SMEs Made Available by 4th Supplementary Budget

    KRW1.5 Trillion in Special Guarantees for SMEs Made Available by 4th Supplementary BudgetSeptember 23, 2020

    The FSC announced the availability of KRW1.5 trillion more in special guarantees for SMEs suffering from pandemic-induced economic downturn as the National Assembly passed the 4th supplementary budget.* Please refer to the attached PDF for details.