FSC Unveils New Bill on Supervision of Financial ConglomeratesJune 8, 2020

The FSC unveiled a new bill on the supervision of financial conglomerates on June 5, which lays legal grounds for the supervision of non-holding financial groups that have financial assets of KRW5 trillion or more.* Please refer to the attached PDF for details.

Vice Chairman Vows Strong Support to Educate More Professionals in Digital FinanceJune 5, 2020

The FSC, the Seoul Metropolitan Government and the Korea Advanced Institute of Science and Technology (KAIST) signed a memorandum of understanding for launching digital finance educational programs to help cultivate more experts in the field on June 5.* Please refer to the attached PDF for details.

FSC Selects 3 More Fintechs as Designated Agents to Provide Financial ServicesJune 4, 2020

The FSC selected Naver Financial, Kona I and Korea Receivables Online Exchange System as designated fintech firms on June 4, allowing them to provide financial services on behalf of Mirae Asset Capital, Acuon Capital and Samsung Card, respectively.* Please refer to the attached PDF for details.

Financial Authorities Recommend Caution with P2P Loan InvestmentJune 4, 2020

The financial authorities advised investors to practice caution when investing in peer-to-peer lending products on June 4 due to a rise in P2P loan default rate and cases involving unfair and unlawful sales practices by some companies.* Please refer to the attached PDF for details.

Government Proposes KRW4.7 Trillion in Additional Financial SupportJune 3, 2020

The government approved the 3rd supplementary budget proposal at a cabinet meeting on June 3, which includes KRW4.7 trillion in additional funding for various financial support programs.* Please refer to the attached PDF for details.

FSC to Work on Turning Crisis Situation into Opportunity for Digital InnovationJune 2, 2020

FSC Vice Chairman Sohn Byungdoo held the 6th financial risk assessment meeting on June 2 to review the current status of the COVID-19 financial support for businesses and households.* Please refer to the attached PDF for details.

FSC Designates 4 More Financial Solutions as 'Innovative Financial Services'May 28, 2020

The FSC added four more financial solutions to the financial regulatory sandbox on May 27, bringing the total number of 'innovative financial services' to 106 since launching the financial regulatory sandbox program on April 1, 2019.* Please refer to the attached PDF for details.

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.