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  • 03 / 24 / 2020
  • Measures to Stabilize Financial Markets

  • The government unveiled the financial market stabilization measures on March 24 to help provide sufficient liquidity to businesses and deploy market stability tools to absorb shocks in the financial markets amid the spread of COVID-19.
    * Please refer to the attached PDF for details.

  • pdf 200324 Measures to Stabilize Financial Markets.pdf
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  • 03 / 24 / 2020
  • Reverse Mortgage Age Requirement to be Lowered

  • The revisions to the Enforcement Decree of the Korea Housing Finance Corporation Act were approved at a cabinet meeting on March 24.
    * Please refer to the attached PDF for details.

  • pdf 200324 Reverse Mortgage Age Requirement to be Lowered.pdf
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  • 03 / 23 / 2020
  • Government Issues Investor Alert for P2P Lending Products

  • With the Act on Online Investment-linked Financing scheduled to take effect on August 27, 2020, the volume of peer-to-peer lending has continued to grow as well as its default rate.
    * Please refer to the attached PDF for details.

  • pdf 200323 Government Issues Investor Alert for P2P Lending Products.pdf
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  • 03 / 23 / 2020
  • FSC Designates 7 Additional Financial Solutions for Regulatory Sandbox

  • The FSC designated seven additional financial solutions as 'innovative financial services' to be included in the regulatory sandbox program on March 20, 2020. The FSC has designated a total of 93 'innovative financial services' since the launching of the regulatory sandbox on April 1, 2019.
    * Please refer to the attached PDF for details.

  • pdf 200323 FSC Designates 7 Additional Financial Solutions for Regulatory Sandbox.pdf
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  • 03 / 20 / 2020
  • FSC Chairman Meets with Bank Chiefs to Discuss Government's Financial Support Package

  • FSC Chairman Eun Sung-soo met with the Korea Federation of Banks chairman and the CEOs of major banks on March 20, and discussed ways to effectively and promptly deliver the government's COVID-19 financial support to the businesses in need.
    * Please refer to the attached PDF for details.

  • pdf 200320 FSC Chairman Meets with Bank Chiefs to Discuss Government Financial Support Package.pdf
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