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    FSC to Work on Enhancing Transparency in Financial Regulatory Environment

    July 16, 2020
  • FSC Chairman Eun Sung-soo presided over the 43rd financial hubs establishment committee meeting on July 16, and discussed ways to reassess the government's financial hub policy following recent changes in market environments at home and abroad.
    * Please refer to the attached PDF for details.


    FSC Announces Plans to Launch Task Forces as Part of Efforts to Root Out Vishing Scams

    July 16, 2020
  • The FSC announced regulatory changes to minimize inconvenience for consumers and improve efficiency in damage prevention and remedy provision, while introducing plans to create task forces as part of the government-wide efforts to root out vishing scams on July 16.
    * Please refer to the attached PDF for details.


    FSC Launches Working Group to Draw Up Plans for Promoting AI in Financial Services

    July 16, 2020
  • The FSC held a kick-off meeting of the working group on the promotion of artificial intelligence technology in financial services on July 16. The meeting discussed major trends and policies surrounding AI application in financial services as well as the plans for the working group.
    * Please refer to the attached PDF for details.


    Extension of Reporting Deadline Available for Companies Affected by COVID-19

    July 15, 2020
  • The Securities and Futures Commission decided on July 15 to lift administrative sanctions and grant a 30-day extension of deadline for companies that are unable to meet the quarterly or semi-annual reporting deadline of August 14 due to pandemic-related disruption in their business operation.
    * Please refer to the attached PDF for details.


    Corporate Asset Purchase Program to Begin Accepting Applications

    July 15, 2020
  • The FSC announced that the corporate asset sell-off support program will begin to accept applications beginning on July 17. Online application will be available at www.oncorp.or.kr.
    * Please refer to the attached PDF for details.


    Government to Introduce Personal Credit Rating System Using NPS Contributions Data

    July 14, 2020
  • The FSC and the Ministry of Health and Welfare announced on July 14 that an improvement to the personal credit rating scheme using information about individuals' national pension contribution payments will be made available in October this year.
    * Please refer to the attached PDF for details.


    Vice Chairman Discusses Importance of Preparing for Post-pandemic Era

    July 14, 2020
  • Vice Chairman Sohn Byungdoo presided over the 12th financial risk assessment meeting on July 14 to discuss the financial market conditions and monitor the progress in implementing the COVID-19 financial support.
    * Please refer to the attached PDF for details.


    Preliminary Application Opens for MyData Businesses

    July 13, 2020
  • The FSC announced the opening of the preliminary application process for MyData businesses from July 13 until August 4.
    * Please refer to the attached PDF for details.


    FSC Chairman Speaks about Promoting Artificial Intelligence in Financial Industry

    July 09, 2020
  • FSC Chairman Eun Sung-soo visited the Korea Insurance Development Institute's automobile technology research center in Icheon-si, Gyeonggi-do on July 9 to see
    the application of artificial intelligence in auto insurance, and held talks on the topic of the insurance industry in the 4th industrial revolution and post-pandemic era.
    * Please refer to the attached PDF for details.


    Household Loans, June 2020

    July 09, 2020
  • The outstanding balance of household loans in all financial sectors rose KRW8.5 trillion from the previous month in June 2020 (up 5.4% year-on-year).
    * Please refer to the attached PDF for details.