Press Release
  • Vice Chairman Speaks about Importance of Maintaining Lending Support by Financial Institutions
    Vice Chairman Speaks about Importance of Maintaining Lending Support by Financial Institutions

    Vice Chairman Speaks about Importance of Maintaining Lending Support by Financial InstitutionsAugust 19, 2020

    Vice Chairman Sohn Byungdoo presided over the 17th financial risk assessment meeting on August 19 to review market conditions and monitor the progress in implementing the COVID-19 financial support programs.* Please refer to the attached PDF for details.
  • Green Finance Task Force Holds Kick-off Meeting
    Green Finance Task Force Holds Kick-off Meeting

    Green Finance Task Force Holds Kick-off MeetingAugust 13, 2020

    Vice Chairman Sohn Byungdoo presided over a kick-off meeting of the green finance task force on August 13. The task force will work to establish a monitoring system for financial risks emanating from climate change, boost investment in green industries and consider the possibility of joining international networks on green finance.* Please refer to...
  • FSC Chairman Meets with Heads of Financial Associations and Urges Close Cooperation
    FSC Chairman Meets with Heads of Financial Associations and Urges Close Cooperation

    FSC Chairman Meets with Heads of Financial Associations and Urges Close CooperationAugust 12, 2020

    FSC Chairman Eun Sung-soo met with heads of financial associations on August 12, and held talks on the progress of the COVID-19 emergency financial support, ways to promote big techs' entrance into the financial services industry while ensuring a framework of fair competition and the role of finance in the government's new deal initiative and the p...
  • Household Loans, July 2020
    Household Loans, July 2020

    Household Loans, July 2020August 12, 2020

    The outstanding balance of household loans in all financial sectors rose KRW9.0 trillion from the previous month in July 2020 (up 5.7% year-on-year). The household loan balance increased KRW7.6 trillion in the banking sector and KRW1.4 trillion in the non-banking sector.* Please refer to the attached PDF for details.

  • Vice Chairman Discusses Importance of Addressing Economic Polarization and Corporate Debt
    Vice Chairman Discusses Importance of Addressing Economic Polarization and Corporate Debt

    Vice Chairman Discusses Importance of Addressing Economic Polarization and Corporate DebtAugust 11, 2020

    Vice Chairman Sohn Byungdoo presided over the 16th financial risk assessment meeting on August 11 to review market conditions and monitor the progress in implementing the COVID-19 financial support.* Please refer to the attached PDF for details.
  • FSC Designates Data Specializing Institutions and Introduces Guidelines on Data Convergence
    FSC Designates Data Specializing Institutions and Introduces Guidelines on Data Convergence

    FSC Designates Data Specializing Institutions and Introduces Guidelines on Data ConvergenceAugust 6, 2020

    The FSC designated the Korea Credit Information Services and the Financial Security Institute as data specializing institutions to perform the task of data convergence on August 6.* Please refer to the attached PDF for details.

  • 30-Day Extension of Reporting Deadline Granted to 15 Companies
    30-Day Extension of Reporting Deadline Granted to 15 Companies

    30-Day Extension of Reporting Deadline Granted to 15 CompaniesAugust 5, 2020

    The Securities and Futures Commission decided on August 5 to lift administrative sanctions and grant a 30-day extension of reporting deadline to all fifteen companies that applied for sanctions exemptions due to pandemic-related disruptions in their business operation.* Please refer to the attached PDF for details.

  • Financial Regulatory Sandbox Website Opens
    Financial Regulatory Sandbox Website Opens

    Financial Regulatory Sandbox Website OpensJuly 31, 2020

    The FSC announced the opening of the financial regulatory sandbox website and renewal of the fintech information portal on July 31.* Please refer to the attached PDF for details.

  • Plans to Improve Rules on Structured Products
    Plans to Improve Rules on Structured Products

    Plans to Improve Rules on Structured ProductsJuly 30, 2020

    The FSC announced its plans to improve rules on retail structured products on July 30, with an aim to strengthen securities firms’ preparedness for market volatility, to encourage reduction in the size of the issuance as well as diversified investment for hedge assets and to bolster investor protection measures.* Please refer to the attached PDF fo...

  • FSC Chairman Speaks about Innovation at Mapo Front 1 Opening Ceremony
    FSC Chairman Speaks about Innovation at Mapo Front 1 Opening Ceremony

    FSC Chairman Speaks about Innovation at Mapo Front 1 Opening CeremonyJuly 30, 2020

    FSC Chairman Eun Sung-soo delivered congratulatory remarks at the opening ceremony of the Mapo Front 1, the government-backed start-up incubating facility on July 30.* Please refer to the attached PDF for details.