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Current Situation in Financial Markets and Government's Policies

    Current Situation in Financial Markets and Government's Policies

    April 06, 2020
  • The FSC announced on April 6 its assessment of the current situation in the financial markets, and provided an explanation on the government's policies aimed at helping businesses and markets amid the COVID-19 crisis.
    * Please refer to the attached PDF for details.


  

Market Monitoring Meeting Reaffirms Financing Support for Businesses Affected by COVID-19

    Market Monitoring Meeting Reaffirms Financing Support for Businesses Affected by COVID-19

    April 03, 2020
  • FSC Chairman Eun sung-soo convened a market monitoring meeting on April 3 and reaffirmed the government's position to help prevent businesses from going bankrupt due to a temporary liquidity crunch from COVID-19.
    * Please refer to the attached PDF for details.


  

FSC Selects Another Fintech Firm as Designated Agent to Provide Financial Services

    FSC Selects Another Fintech Firm as Designated Agent to Provide Financial Services

    April 03, 2020
  • The FSC announced on April 2 that Nice Business Platform has been selected as a designated agent to provide financial services on behalf of Mirae Asset Capital.
    * Please refer to the attached PDF for details.


  

Vice Chairman Calls for Swift Delivery of COVID-19 Financial Support

    Vice Chairman Calls for Swift Delivery of COVID-19 Financial Support

    April 02, 2020
  • FSC Vice Chairman Sohn Byungdoo held a meeting via conference call on April 2 to check updates on the implementation status of the government's COVID-19 emergency support package and financial market stabilization measures.

    * Please refer to the attached PDF for details.


  

2020 Korea Fintech Week to be Held as Virtual Expo

    2020 Korea Fintech Week to be Held as Virtual Expo

    April 02, 2020
  • The FSC announced on April 1 that the 2020 Korea Fintech Week originally scheduled to be held at Dongdaemun Design Plaza (DDP) in Seoul from May 28 to 30 will be held as a virtual expo due to public health concerns amid the spread of COVID-19.
    * Please refer to the attached PDF for details.


  

FSC Adds 9 More Innovative Financial Services to Regulatory Sandbox at 1-Year Anniversary

    FSC Adds 9 More Innovative Financial Services to Regulatory Sandbox at 1-Year Anniversary

    April 01, 2020
  • The FSC added nine more innovative financial solutions to the financial regulatory sandbox on April 1, bringing the total number of 'innovative financial services' to 102 at the one-year anniversary of the launching of the regulatory sandbox program.
    * Please refer to the attached PDF for details.


  

On-site Support Visits to Facilitate Delivery of COVID-19 Financial Support Package

    On-site Support Visits to Facilitate Delivery of COVID-19 Financial Support Package

    April 01, 2020
  • The COVID-19 financial support package prepared for small merchants, SMEs and middle market enterprises is made available through diverse banking and non-banking channels beginning on April 1.
    * Please refer to the attached PDF for details.


  

Loan Deferment Guidelines for SMEs and Small Merchants Hit by COVID-19

    Loan Deferment Guidelines for SMEs and Small Merchants Hit by COVID-19

    March 31, 2020
  • The FSC and the FSS along with all financial associations and federations adopted the guidelines for the loan extension of principal payments and the deferment of interest payments to be implemented beginning on April 1 for the SMEs and small merchants hit by COVID-19.
    * Please refer to the attached PDF for details.


  

Special Low-rate Loans to be Introduced for Small Merchants Hit by COVID-19

    Special Low-rate Loans to be Introduced for Small Merchants Hit by COVID-19

    March 31, 2020
  • As a part of the KRW12 trillion financing support package for the small merchants hit by COVID-19, local banks will begin providing super low-rate loans in the amount of KRW3.5 trillion beginning on April 1.
    * Please refer to the attached PDF for details.


  

Open Financial Database to be Introduced through Open API in April

    Open Financial Database to be Introduced through Open API in April

    March 31, 2020
  • The FSC will begin to make available to the public approximately 44 million counts of public financial data held by the FSC and nine other financial institutions through open API beginning in early April.
    * Please refer to the attached PDF for details.