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    FSC Introduces Improvements to Credit Recovery Support Programs

    October 19, 2020
  • The FSC announced ways to improve the credit recovery support system on October 16. The improved measures are expected to go into effect in November this year.
    * Please refer to the attached PDF for details.


    Mobile Microloan Application to be Available for Young Adults

    October 15, 2020
  • The FSC announced the availability of mobile microloan application system for young adults starting from October 30.
    * Please refer to the attached PDF for details.


    Government Reviews Financial Policy Agenda for Post-pandemic Era

    October 14, 2020
  • Vice Chairman Sohn Byungdoo held the 25th financial risk assessment meeting via teleconference on October 14 and reviewed financial policy tasks for the post-pandemic era.
    * Please refer to the attached PDF for details.


    KRW1 Trillion-plus Fund to Promote Market-oriented Corporate Restructuring

    October 14, 2020
  • The FSC announced that the second round of corporate restructuring fund in the amount of more than KRW1 trillion has already begun to make investments with an aim of fostering conditions to promote market-based corporate restructuring.
    * Please refer to the attached PDF for details.


    Household Loans, September 2020

    October 13, 2020
  • The outstanding balance of household loans in all financial sectors rose KRW10.9 trillion from the previous month in September 2020 (up 6.8% year-on-year). The household loan balance increased KRW9.7 trillion in the banking sector and KRW1.1 trillion in the non-banking sector.
    * Please refer to the attached PDF for details.


    Vice Chairman Discusses Importance of Steady Financial Support for SMEs and Small Merchants

    October 07, 2020
  • Vice Chairman Sohn Byungdoo held the 24th financial risk assessment meeting via teleconference on October 7 and discussed the implementation status of COVID-19 financial support programs and other market conditions.
    * Please refer to the attached PDF for details.


    Government Approves Revised Rules to Facilitate Accounting and Audit Reforms

    October 06, 2020
  • The government approved the revisions to the Enforcement Decree of the Act on External Audit of Stock Companies during a cabinet meeting held on October 6. The revised rules will become effective on the day of promulgation.
    * Please refer to the attached PDF for details.


    Household Loans by Five Major Banks in September 2020

    October 05, 2020
  • The outstanding balance of household loans by five major banks increased KRW6.6 trillion in September 2020, rising at a slower rate compared to the previous month (up KRW8.4 trillion).
    * Please refer to the attached PDF for details.


    FSC Holds Meeting on Cyber Security of Financial Institutions

    October 05, 2020
  • FSC Chairman Eun Sung-soo held a meeting with relevant authorities to review the cyber security conditions of financial institutions on October 4.
    * Please refer to the attached PDF for details.


    FSC Holds 2nd Consultative Body Meeting on Digital Finance

    September 24, 2020
  • Vice Chairman Sohn Byungdoo presided over the 2nd consultative body meeting on digital finance on September 24 and discussed the current status of platform businesses entering the financial sector and their impact on the market as well as ways to improve the personal authentication and identity verification system in financial services.
    * Please refer to the attached PDF for details.