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    Household Loans, August 2020

    September 09, 2020
  • The outstanding balance of household loans in all financial sectors rose KRW14.0 trillion from the previous month in August 2020 (up 6.2% year-on-year).
    * Please refer to the attached PDF for details.


    Vice Chairman Discusses COVID-19 Prevention in Financial Sector and Investment in K-New Deal

    September 08, 2020
  • Vice Chairman Sohn Byungdoo presided over the 20th financial risk assessment meeting via teleconference on September 8, and discussed enhanced social distancing measures being implemented in the financial industry, the progress of the COVID-19 financial support and the newly introduced 'Korean New Deal fund.'
    * Please refer to the attached PDF for details.


    Government Unveils Plans for Launching Korean New Deal Fund

    September 03, 2020
  • The government announced its plans to create a 'Korean New Deal fund' and promote private sector investment in the New Deal projects on September 3.
    * Please refer to the attached PDF for details.


    78 Out of 237 P2P Lending Firms Found Eligible for Business Registration

    September 02, 2020
  • The financial authorities announced on September 2 that 78 out of the current total of 237 P2P lending firms have filed proper reports on time to be eligible for business registration under the new P2P lending act, which came into effect on August 27.

    * Please refer to the attached PDF for details.


    Vice Chairman Stresses Importance of Both Virus Prevention and Effective Lending Support

    September 01, 2020
  • Vice Chairman Sohn Byungdoo presided over the 19th financial risk assessment meeting via teleconference on September 1 to review market conditions and monitor the progress in implementing the COVID-19 financial support.

    * Please refer to the attached PDF for details.


    Temporary Ban on Short Sale to be Extended for Six Months

    August 27, 2020
  • The FSC announced its decision to extend the temporary ban on stock short sale for six months from September 16, 2020 to March 15, 2021, given market volatility amid concerns over a resurgence in COVID-19 cases.

    * Please refer to the attached PDF for details.


    FSC Chairman Discusses Improving Rules for Retail Investors

    August 27, 2020
  • FSC Chairman Eun Sung-soo met with the heads of the Korea Financial Investment Association and major securities firms on August 27 and held talks on the current market situation, temporary ban on stock short sale, improving rules for retail investors and channeling liquidity to the real economy sectors.

    * Please refer to the attached PDF for details.


    Loan Deferment of Principal and Interest Payments Extended for SMEs and Small Merchants

    August 27, 2020
  • The FSC announced the availability of loan maturity extensions and deferment of interest payments for SMEs and small merchants until March 31, 2021.

    * Please refer to the attached PDF for details.


    FSC Decides to Extend Part of Temporary Deregulatory Measures

    August 26, 2020
  • The FSC announced its decision to extend some of the temporary deregulatory measures introduced on April 17 in order to continue to support the financial sector amid a protracted pandemic situation.

    * Please refer to the attached PDF for details.


    Legislation on P2P Lending Takes Effect

    August 26, 2020
  • The FSC announced that the Online Investment-linked Finance Act will go into effect on August 27. The new legislation on peer-to-peer lending specifies requirements for business registration, regulations on sales practices and measures for consumer protection.
    * Please refer to the attached PDF for details.