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Key Tasks in Financial Policy for 2020

    Key Tasks in Financial Policy for 2020

    December 23, 2019
  • The government introduced the 2020 Economic Policies on December 19, aimed at promoting innovation, restructuring the economy, pursuing inclusive growth and preparing the economy for the future.

    * Please refer to the attached PDF for details.


  

FSC Reforms Non-Face-to-Face Customer ID Guidelines for Corporations and Foreigners

    FSC Reforms Non-Face-to-Face Customer ID Guidelines for Corporations and Foreigners

    December 23, 2019
  • The Financial Services Commission unveiled a revised guideline for non-face-to-face customer identification on December 20, which is aimed at promoting online financial transactions by corporations and foreigners.

    * Please refer to the attached PDF for details.


  

FSC Designates 9 More Financial Solutions as 'Innovative Financial Services'

    FSC Designates 9 More Financial Solutions as 'Innovative Financial Services'

    December 19, 2019
  • The FSC designated nine additional financial solutions as 'innovative financial services' to be included in its regulatory sandbox program on December 18.

    * Please refer to the attached PDF for details.


  

Open Banking Service Launched for Banks and Fintech Businesses

    Open Banking Service Launched for Banks and Fintech Businesses

    December 18, 2019
  • The Financial Services Commission co-hosted a launch event for open banking service with the Korea Financial Telecommunications & Clearings Institute on December 18.

    * Please refer to the attached PDF for details.


  

FSC Chairman Discusses Government Plans to Curb Overheating in Housing Prices

    FSC Chairman Discusses Government Plans to Curb Overheating in Housing Prices

    December 16, 2019
  • FSC Chairman Eun Sung-soo held talks on tightening mortgage regulations to curb overheating in housing prices on December 16.

    * Please refer to the attached PDF for details.


  

FSC Approves Internet-only Bank License for Toss Bank

    FSC Approves Internet-only Bank License for Toss Bank

    December 16, 2019
  • The FSC decided to grant 'Toss Bank' a preliminary license to operate internet-only bank on December 16.

    * Please refer to the attached PDF for details.


  

FSC Unveils Revised Guidelines for Financial Consumer Protection

    FSC Unveils Revised Guidelines for Financial Consumer Protection

    December 16, 2019
  • The FSC unveiled a revision to the Guidelines on Financial Consumer Protection on December 16 in order to continue to encourage financial institutions to take more responsibility in consumer protection prior to the enactment of the Financial Consumer Protection Act.

    * Please refer to the attached PDF for details.


  

FSC Finalizes Measures to Strengthen Investor Protection with High-risk Investment Products

    FSC Finalizes Measures to Strengthen Investor Protection with High-risk Investment Products

    December 12, 2019
  • The FSC announced a finalized plan to strengthen investor protection with high-risk investment products on December 12.

    * Please refer to the attached PDF for details.


  

Vice Chairman Speaks on Embracing Digital Transformation in Financial Industry

    Vice Chairman Speaks on Embracing Digital Transformation in Financial Industry

    December 10, 2019
  • Vice Chairman Sohn Byungdoo attended the 6th International Financial Cooperation Forum hosted by the Financial Services Commission and the Council on International Financial Cooperation on December 10.

    * Please refer to the attached PDF for details.


  

Measures to Improve Management of Risk Exposure in Project Finance

    Measures to Improve Management of Risk Exposure in Project Finance

    December 05, 2019
  • The government introduced its plans to improve the management of risk exposure in real estate project finance on December 5.

    * Please refer to the attached PDF for details.