Photo News - Financial Services Commission

Photo News

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FSC Chairman attends National Economic Advisory Council meetingNov 06, 2020

FSC Chairman Eun Sung-soo attended a National Economic Advisory Council meeting on November 6 and spoke about the important role of finance in promoting innovation and preparing for a post-pandemic era. Chairman Eun also discussed the advantages of the Korean New Deal fund and the FSC's plans to promote movable asset-based financing for innovative businesses.* Please see press release for details.
FSC Chairman holds market monitoring meetingNov 06, 2020

FSC Chairman Eun Sung-soo held a meeting to review the effects of the US presidential election on financial markets at home and abroad on November 6. As there are possibilities of growing market volatilities in the financial markets in the wake of the US presidential election, the FSC will continue to stay alert and closely monitor market conditions.* Please see press release for details.
FSC Chairman delivers congratulatory remarks at the 5th finance day celebration eventOct 27, 2020

FSC Chairman Eun Sung-soo attended the 5th finance day celebration event held on October 27 in Seoul and delivered congratulatory remarks. During his speech, Chairman Eun spoke about the importance of maintaining stability in the financial markets amid growing demand for contactless services and rising market volatility. With digital transformation taking place rapidly, Chairman Eun also touched upon the significance of innovation and inclusion in financial sectors.
Vice Chairman holds 3rd consultative body meeting on digital financeOct 21, 2020

Vice Chairman Sohn Byungdoopresided overthe 3rd consultative body meeting on digital finance on October 21. At the meeting, Vice Chairman Sohndiscussed ways to promote an advancement of the open banking system and difficulties faced by fintechs and big techs in a quickly changing digital environment. In order to further develop the open banking system, Vice Chairman Sohn said that the government will work to (a) boost scalability, (b) promote reciprocity and (c) enhance security and risk management.* Please see press release for details.
Vice Chairman holds 26th financial risk assessment meetingOct 20, 2020

Vice Chairman Sohn Byungdoo held the 26th financial risk assessment meeting via teleconference on October 20 to discuss the implementation status of the COVID-19 emergency financial support programs. At the meeting, Vice Chairman Sohn discussed the importance of ensuring the availability offinancial support to small merchants with all credit backgrounds including those with unfavorable credit history. * Please see press release for details.
Vice Chairman holds kick-off meeting of task force on prevention of unfair trading activities in stock marketsOct 19, 2020

Vice Chairman Sohn Byungdoo presided over a kick-off meeting of the task force on the prevention of unfair stock trading activities on October 19. During the meeting, Vice Chairman Sohn underscored the importance ofclosingtheloopholesinthecurrentregulatoryframeworksurroundingthestock markets. The task force will be charged with (a) sternly responding to unfair trading activities, (b) closely monitoring the loopholes in thetrading system and (c) working on regulatory improvements.* Please see press release for details.
Vice Chairman holds 25th financial risk assessment meetingOct 14, 2020

Vice Chairman Sohn Byungdoo presided over the 25th financial risk assessment meeting via teleconference on October 14. At the meeting, Vice Chairman Sohn discussed four key issues on financial policy tasks in preparation for the post-pandemic era, which include(a) supporting innovation-driven growth, (b) promoting digital finance, (c) expanding support for inclusive finance and (d) ensuring stability in the financial system.* Please see press release for details.
Vice Chairman holds 24th financial risk assessment meetingOct 07, 2020

Vice Chairman Sohn Byungdoo presided over the 24th financial risk assessment meeting via teleconference on October 7 and discussed issues concerning financial support programs and market conditions. At the meeting, Vice Chairman Sohn underscored the importance of (i) seamlessly implementing financial support for pandemic-hit SMEs and small merchants, (ii) closely monitoring household debt issues and (iii) promptly working on follow-up measures of K-New Deal initiative.* Please see press release for details.
Vice Chairman holds 2nd consultative body meeting on digital financeSep 24, 2020

Vice Chairman Sohn Byungdooheld 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. At the meeting, Vice Chairman Sohn talked about the importance of promoting transparency, fairness and accountability for both platform service providers and traditional financial companies. * Please see press release for details.
FSC Chairman meets with Standard Chartered CEO Bill WintersSep 24, 2020

FSC Chairman Eun Sung-soo met with Standard Chartered CEO Bill Winters on September 24 in Seoul and held talks on Korea's response to COVID-19, current trends in the financial industry, such as fintechsanddigital transformation,andprospects of the post-pandemic economy. During the talks, Chairman Eun also shared Korea's financial hub policy.
Vice Chairman holds 22nd financial risk assessment meetingSep 23, 2020

Vice Chairman Sohn Byungdoo presided over the 22nd financial risk assessment meeting via teleconference on September 23 and held discussions on financial market conditions, household loans, soundness of financial institutions and the corporate credit situation. During the meeting,Vice Chairman Sohnstressed the importance of recognizing risks involved in overseas stock investment by retail investors and urged financial institutions to closely follow investor protection measures. * Please see press release for details.
Vice Chairman holds 21st financial risk assessment meetingSep 15, 2020

Vice Chairman Sohn Byungdoo presided over the 21st financial risk assessment meeting via teleconference on September 15 to discuss issues on emergency support measures and the Korean New Deal fund. At the meeting,ViceChairmanSohndiscussedthe need toexpandlending support to small merchantsthrough improvements to the second round emergency loan program as well as follow-up measures to draw up concrete plans topromote private sector investments in the K-New Deal fund.* Please see press release for details.