Press Release
  • FSC Chairman Holds Meeting with Heads of State-backed Financial Institutions
    FSC Chairman Holds Meeting with Heads of State-backed Financial Institutions

    FSC Chairman Holds Meeting with Heads of State-backed Financial InstitutionsJuly 29, 2020

    FSC Chairman Eun Sung-soo met with heads of state-backed financial institutions on July 29, and held talks on the essential role of policy banks in facilitating the government's new deal initiative and ensuring a seamless implementation of the COVID-19 emergency support programs.* Please refer to the attached PDF for details.
  • FSC Issues Administrative Guidance on Private Equity Funds
    FSC Issues Administrative Guidance on Private Equity Funds

    FSC Issues Administrative Guidance on Private Equity FundsJuly 28, 2020

    The FSC announced administrative guidance on July 28, which is aimed at strengthening the supervisory role of private equity fund sellers and trustees against fund management companies and providing specific guidelines to facilitate more systematic and effective self-inspection of private equity funds.* Please refer to the attached PDF for details....

  • Vice Chairman Underscores Important Role of Finance for New Deal Initiative
    Vice Chairman Underscores Important Role of Finance for New Deal Initiative

    Vice Chairman Underscores Important Role of Finance for New Deal InitiativeJuly 28, 2020

    Vice Chairman Sohn Byungdoo presided over the 14th financial risk assessment meeting on July 28 to review market conditions and monitor the progress in implementing the COVID-19 financial support.* Please refer to the attached PDF for details.
  • Government Approves Revised Rules to Promote Digital New Deal Initiative
    Government Approves Revised Rules to Promote Digital New Deal Initiative

    Government Approves Revised Rules to Promote Digital New Deal InitiativeJuly 28, 2020

    The government approved the revisions to the enforcement decree of the Credit Information Use and Protection Act at a cabinet meeting on July 28, which marks the final legislative changes necessary for the promotion of a data-driven economy and digital new deal initiative.* Please refer to the attached PDF for details.

  • FSC Announces Plans to Promote Digital Finance
    FSC Announces Plans to Promote Digital Finance

    FSC Announces Plans to Promote Digital FinanceJuly 27, 2020

    The FSC unveiled its plans to promote digital finance on July 24, focusing on improving regulations for the industry, ensuring strong protection for digital finance users, building foundations to facilitate large volumes of digital financial transactions and strengthening data security to ensure stability in the financial system.* Please refer to t...
  • FSC Announces Financial Policy Direction for Post-pandemic Era
    FSC Announces Financial Policy Direction for Post-pandemic Era

    FSC Announces Financial Policy Direction for Post-pandemic EraJuly 24, 2020

    Vice Chairman Sohn Byungdoo presided over a meeting of the financial development review committee on July 24, and discussed the government's financial policy direction for the post-pandemic era.* Please refer to the attached PDF for details.
  • FSC Adds 4 More 'Innovative Financial Services' to Regulatory Sandbox
    FSC Adds 4 More 'Innovative Financial Services' to Regulatory Sandbox

    FSC Adds 4 More 'Innovative Financial Services' to Regulatory SandboxJuly 23, 2020

    The FSC added four more 'innovative financial services' to the regulatory sandbox on July 23, bringing the total number of designated services to 110 since the sandbox program was first launched on April 1, 2019.* Please refer to the attached PDF for details.

  • FSC Chairman Holds Talks with Heads of Financial Holding Groups
    FSC Chairman Holds Talks with Heads of Financial Holding Groups

    FSC Chairman Holds Talks with Heads of Financial Holding GroupsJuly 23, 2020

    FSC Chairman Eun Sung-soo held talks with heads of financial holding groups on July 23, and shared opinions about the recent issues surrounding the financial industry and expected changes in a post-pandemic era.* Please refer to the attached PDF for details.
  • FSC Approves BC Card and Woori Bank's Holding of 34% and 19.9% Each in K Bank
    FSC Approves BC Card and Woori Bank's Holding of 34% and 19.9% Each in K Bank

    FSC Approves BC Card and Woori Bank's Holding of 34% and 19.9% Each in K BankJuly 22, 2020

    The FSC announced its decision to approve BC Card and Woori Bank's holding of 34 percent and 19.9 percent stake each in K Bank on July 22.* Please refer to the attached PDF for details.

  • FSC Chairman Holds Talks with Officials from Financial Companies, Big Techs and Fintechs
    FSC Chairman Holds Talks with Officials from Financial Companies, Big Techs and Fintechs

    FSC Chairman Holds Talks with Officials from Financial Companies, Big Techs and FintechsJuly 21, 2020

    FSC Chairman Eun Sung-soo met with officials from financial institutions, big techs and fintechs as well as academia on July 21, and held talks on ways to promote the advancement of Korea's financial industry.* Please refer to the attached PDF for details.