Press Release
  • 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.
  • Vice Chairman Highlights Role of Finance in Government's New Deal Initiative
    Vice Chairman Highlights Role of Finance in Government's New Deal Initiative

    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 Guidelines
    FSC Announces Revisions to P2P Lending Guidelines

    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 CP
    SPV to Start Purchasing Corporate Bonds and CP

    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 Environment
    FSC to Work on Enhancing Transparency in Financial Regulatory Environment

    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 Scams
    FSC Announces Plans to Launch Task Forces as Part of Efforts to Root Out Vishing Scams

    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 Services
    FSC Launches Working Group to Draw Up Plans for Promoting AI in Financial Services

    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-19
    Extension of Reporting Deadline Available for Companies Affected by COVID-19

    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 Applications
    Corporate Asset Purchase Program to Begin Accepting Applications

    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 Data
    Government to Introduce Personal Credit Rating System Using NPS Contributions Data

    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.