Vice Chairman Highlights Role of Finance in Government's New Deal InitiativeJuly 21, 2020

Vice Chairman Sohn Byungdoo presided over the 13th financial risk assessment meeting on July 21 to review market conditions and monitor the progress in implementing the COVID-19 financial support.* Please refer to the attached PDF for details.

FSC Announces Revisions to P2P Lending GuidelinesJuly 20, 2020

The FSC announced changes to the peer-to-peer lending guidelines on July 20 to ensure that investor protection measures are put in place during the one-year deferred registration period until August 26, 2021.* Please refer to the attached PDF for details.

SPV to Start Purchasing Corporate Bonds and CPJuly 17, 2020

The government announced the official launching of the special purpose vehicle intended to support businesses facing liquidity problems by purchasing corporate bonds and CP on July 17.* Please refer to the attached PDF for details.

FSC to Work on Enhancing Transparency in Financial Regulatory EnvironmentJuly 16, 2020

FSC Chairman Eun Sung-soo presided over the 43rd financial hubs establishment committee meeting on July 16, and discussed ways to reassess the government's financial hub policy following recent changes in market environments at home and abroad.* Please refer to the attached PDF for details.

FSC Announces Plans to Launch Task Forces as Part of Efforts to Root Out Vishing ScamsJuly 16, 2020

The FSC announced regulatory changes to minimize inconvenience for consumers and improve efficiency in damage prevention and remedy provision, while introducing plans to create task forces as part of the government-wide efforts to root out vishing scams on July 16.* Please refer to the attached PDF for details.

FSC Launches Working Group to Draw Up Plans for Promoting AI in Financial ServicesJuly 16, 2020

The FSC held a kick-off meeting of the working group on the promotion of artificial intelligence technology in financial services on July 16. The meeting discussed major trends and policies surrounding AI application in financial services as well as the plans for the working group.* Please refer to the attached PDF for details.

Extension of Reporting Deadline Available for Companies Affected by COVID-19July 15, 2020

The Securities and Futures Commission decided on July 15 to lift administrative sanctions and grant a 30-day extension of deadline for companies that are unable to meet the quarterly or semi-annual reporting deadline of August 14 due to pandemic-related disruption in their business operation.* Please refer to the attached PDF for details.

Corporate Asset Purchase Program to Begin Accepting ApplicationsJuly 15, 2020

The FSC announced that the corporate asset sell-off support program will begin to accept applications beginning on July 17. Online application will be available at www.oncorp.or.kr.* Please refer to the attached PDF for details.

Government to Introduce Personal Credit Rating System Using NPS Contributions DataJuly 14, 2020

The FSC and the Ministry of Health and Welfare announced on July 14 that an improvement to the personal credit rating scheme using information about individuals' national pension contribution payments will be made available in October this year.* Please refer to the attached PDF for details.

Vice Chairman Discusses Importance of Preparing for Post-pandemic EraJuly 14, 2020

Vice Chairman Sohn Byungdoo presided over the 12th financial risk assessment meeting on July 14 to discuss the financial market conditions and monitor the progress in implementing the COVID-19 financial support.* Please refer to the attached PDF for details.