Press

Home>Press>Press Release

Search

    Government Approves Revised Rules to Promote Digital New Deal Initiative

    July 28, 2020
  • The government approved the revisions to the enforcement decree of the Credit Information Use and Protection Act at a cabinet meeting on July 28, which marks the final legislative changes necessary for the promotion of a data-driven economy and digital new deal initiative.

    * Please refer to the attached PDF for details.


    FSC Announces Plans to Promote Digital Finance

    July 27, 2020
  • The FSC unveiled its plans to promote digital finance on July 24, focusing on improving regulations for the industry, ensuring strong protection for digital finance users, building foundations and infrastructure to facilitate large volumes of digital financial transactions and strengthening data security to ensure stability in the financial system.

    * Please refer to the attached PDF for details.


    FSC Announces Financial Policy Direction for Post-pandemic Era

    July 24, 2020
  • Vice Chairman Sohn Byungdoo presided over a meeting of the financial development review committee on July 24, and discussed the government's financial policy direction for the post-pandemic era.
    * Please refer to the attached PDF for details.


    FSC Adds 4 More 'Innovative Financial Services' to Regulatory Sandbox

    July 23, 2020
  • The FSC added four more 'innovative financial services' to the regulatory sandbox on July 23, bringing the total number of designated services to 110 since the sandbox program was first launched on April 1, 2019.
    * Please refer to the attached PDF for details.


    FSC Chairman Holds Talks with Heads of Financial Holding Groups

    July 23, 2020
  • FSC Chairman Eun Sung-soo held talks with heads of financial holding groups on July 23, and shared opinions about the recent issues surrounding the financial industry and expected changes in a post-pandemic era.
    * Please refer to the attached PDF for details.


    FSC Approves BC Card and Woori Bank's Holding of 34% and 19.9% Each in K Bank

    July 22, 2020
  • The FSC announced its decision to approve BC Card and Woori Bank's holding of 34 percent and 19.9 percent stake each in K Bank on July 22.
    * Please refer to the attached PDF for details.


    FSC Chairman Holds Talks with Officials from Financial Companies, Big Techs and Fintechs

    July 21, 2020
  • FSC Chairman Eun Sung-soo met with officials from financial institutions, big techs and fintechs as well as academia on July 21, and held talks on ways to promote the advancement of Korea's financial industry.
    * Please refer to the attached PDF for details.


    Vice Chairman Highlights Role of Finance in Government's New Deal Initiative

    July 21, 2020
  • Vice Chairman Sohn Byungdoo presided over the 13th financial risk assessment meeting on July 21 to review market conditions and monitor the progress in implementing the COVID-19 financial support.
    * Please refer to the attached PDF for details.

    FSC Announces Revisions to P2P Lending Guidelines

    July 20, 2020
  • The FSC announced changes to the peer-to-peer lending guidelines on July 20 to ensure that investor protection measures are put in place during the one-year deferred registration period until August 26, 2021.
    * Please refer to the attached PDF for details.


    SPV to Start Purchasing Corporate Bonds and CP

    July 17, 2020
  • The government announced the official launching of the special purpose vehicle intended to support businesses facing liquidity problems by purchasing corporate bonds and CP on July 17.
    * Please refer to the attached PDF for details.