Photo News - Financial Services Commission

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FSC Chairman presides over meeting on emergency response measures amid ongoing Middle East conflictMar 30, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the meeting on emergency financial support measures with officials from related organizations and financial industry groups on March 30 as the conflict in the Middle East continues to go on for more than four weeks. At the meeting, Chairman Lee outlined the government and the financial industry's efforts to ensure a sufficient supply of financial support for the real economy and ensure financial market stability and risk management. As part of this assistance programs, Chairman Lee said that the supply of policy finance support will be expanded to KRW24.3 trillion, up KRW4 trillion from the previous level, to help the businesses suffering from the fallout of the Middle East conflict. While ensuring a 24-hour monitoring of market situations at home and abroad, Chairman Lee said that the financial authorities will make sure to actively implement the KRW100 trillion-plus market stabilization programs.
Vice Chairman presides over meeting on benchmark rate reformMar 30, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the meeting on benchmark rate reform held on March 30 with officials from related financial authorities and industry groups. At the meeting, Vice Chairman Kwon spoke about the need to more swiftly carry out transitions in benchmark rate reform to ensure market stability and consumer protection. In this regard, the FSC and related authorities unveiled plans to (a) promote KOFR-based transactions in financial markets, (b) remove CD rate as a critical statutory benchmark rate at the end of 2030, (c) reduce KORIBOR-based transactions gradually, and (d) strengthen the management and inspection over COFIX calculation system.
FSC Chairman meets with Kazakhstan's ARDFM ChairpersonMar 27, 2026

Chairman Lee Eog-weon of the Financial Services Commission met with Chairperson Madina Abylkassymova of Kazakhstan's Agency for Regulation and Development of the Financial Market (ARDFM) at his office in Seoul Government Complex on March 27. At the meeting, the two leaders exchanged views on financial market conditions in each country and discussed ways to strengthen financial cooperation and expand business opportunities between the two countries.
FSC Chairman attends MOU signing on comprehensive one-stop support program for small merchantsMar 27, 2026

Chairman Lee Eog-weon of the Financial Services Commission attended the memorandum of understanding signing event for the comprehensive one-stop support program made available for small merchants and vulnerable groups on March 27. At today's MOU signing event, two policy financial institutions for small merchants, the Korea Inclusive Finance Agency, the Credit Counseling and Recovery Service, and the Korea Federation of Banks have newly joined to take part in the provision of the comprehensive one-stop support program for small merchants and vulnerable groups. Their participation in the program will help to more quickly identify those in need of financial support and more proactively offer individually tailored counseling and recovery assistance. While speaking about the importance of providing assistance from the perspective of vulnerable groups, FSC Chairman Lee said that the availability of more tightly interconnected assistance ranging from financial and employment to welfare services is expected to help provide more effective assistance and recovery support to those struggling with difficulties.
Vice Chairman presides over meeting on stamping out voice phishing scamsMar 26, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the meeting on stamping out voice phishing scams with officials from related government authorities and financial industry groups on March 26. At today's meeting, officials discussed ways to more effectively and quickly respond to newly emerging types of scams and agreed to set up a joint anti-phishing consultative body in the financial industry next month. At the meeting, FSC Vice Chairman Kwon spoke about the importance of maintaining close cooperation between the financial and investigation authorities and private financial companies. Since the methods being used in financial scams are evolving rapidly, Vice Chairman Kwon said that the anti-phishing responses employed by the government and financial institutions should also take a more adaptive and meticulous approach.
Vice Chairman speaks about importance of boosting investment support for innovative venture and startup ecosystemMar 26, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission delivered opening remarks at the conference on boosting support for the innovative venture and startup ecosystem held jointly by the FSC and the National Economic Advisory Council on March 26. At the meeting, Vice Chairman Kwon spoke about the significant role of National Growth Fund in propelling the growth of the Korean economy for the next twenty years and laid out specific plans to provide investment support for the innovative venture and startup ecosystem. In this regard, the National Growth Fund will inject direct investment of at least KRW15 trillion and indirect investment of KRW35 trillion through various types of funds. In his closing, Vice Chairman Kwon said that the National Growth Fund will be operated in such ways to make sure that innovative venture businesses are no longer bogged down by financial obstacles or face the problem of being trapped in the so-called valley of death.
FSC Chairman presides over meeting on boosting inclusive finance for young adultsMar 23, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the third meeting on propelling a transition to make financial services more inclusive with officials from related organizations and private sector experts on March 23 and discussed ways to boost microfinance support for young adults. At the meeting, Chairman Lee spoke about the need to increase the provision of microfinance assistance for young adults and other underserved groups. In this regard, the supply of microfinance assistance made available for vulnerable groups through the Korea Inclusive Finance Agency (KINFA) will be increased to KRW600 billion a year from the current level of KRW300 billion a year. Within this amount, the supply of microfinance support intended for young adults will be expanded to up to 50 percent or maximum KRW300 billion a year. In this regard, Chairman Lee said that policy finance support should be considered as more than simply a loan program but a mechanism to boost social solidarity.
FSC and MSIT hold joint conference on promoting AI semiconductor industryMar 17, 2026

Chairman Lee Eog-weon of the Financial Services Commission delivered opening remarks at the private-public joint conference on promoting the development of the AI semiconductor industry in Korea on March 17. The conference was jointly organized by the FSC, the Ministry of Science and ICT, and Korea Development Bank with participation by domestic AI semiconductor companies. In his opening remarks, FSC Chairman Lee said that the AI industry requires large-scale investments from an early stage for infrastructure development and the supply of patient capital over a long period for hardware upgrades and market expansion. In this regard, Chairman Lee said that National Growth Fund will supply KRW50 trillion in the AI and semiconductor sector for the next five years to promote the strategic development of cutting-edge industries, help create jobs in related areas, and share the benefit of growth with all.
FSC Chairman attends MOU signing event for insurance businesses and regional governmentsMar 16, 2026

Chairman Lee Eog-weon of the Financial Services Commission attended the memorandum of understanding signing event between insurance businesses and regional governments for facilitating the provision of insurance products and helping to reduce the insurance protection gap for vulnerable groups on March 16. At the event, Chairman Lee spoke about the significance of the agreement signed today between regional governments and insurance businesses as increased cooperation between them is expected to bring about benefits to both with aims to boost efforts for inclusive finance. At today's MOU signing event, the insurance industry also announced plans to supply KRW2 trillion in inclusive finance support for the next five years in the form of free insurance subscription, coverage discounts, and social contribution activities.
FSC Chairman meets with Standard Chartered Group CEO Bill WintersMar 13, 2026

Chairman Lee Eog-weon of the Financial Services Commission met with Standard Chartered Group CEO Bill Winters at his office in Seoul Government Complex on March 13. At the meeting, FSC Chairman Lee and SC CEO Winters exchanged views on the global impact of deepening geopolitical crisis in the Middle East. In this regard, Chairman Lee gave explanations on how the Korean government has been handling and responding to the situation to ensure financial market stability and minimize impact on the economy. With regard to the strong performance seen in Korean stock markets recently, Chairman Lee shared key points of the government's productive finance initiative and asked for continued support from SC Group.
FSC Chairman presides over meeting to review financial market risksMar 11, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over a meeting with officials from the Financial Supervisory Service, research institutions and market experts on March 11 to go over potential risk factors amid growing volatility seen in the domestic financial markets. At the meeting, Chairman Lee instructed officials to conduct stress tests on various scenarios concerning situations in the Middle East to more thoroughly examine the impact and risk on financial markets, financial businesses, and various industries. While speaking about the importance of being rigorously prepared with contingency plans, Chairman Lee also urged officials to ensure investor protections. The FSC will continue to work closely with policy financial institutions to ensure a seamless operation of the KRW100 trillion-plus market stabilization programs and seek to expand the program if deemed necessary.
Vice Chairman presides over consultative body meeting on productive financeMar 10, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the third consultative body meeting on productive finance on March 9 with officials from financial holding groups, insurance businesses, securities companies, and policy financial institutions participating. At the meeting, financial companies outlined their own plans and presented certain progress in making a transition to productive finance and strengthening regional finance efforts to promote more balanced growth across different regions. In this regard, Vice Chairman Kwon spoke about the importance of financial companies making genuine efforts to internalize the rules and systems designed for productive finance to be able to produce tangible outcomes in a nationwide move to push forproductive finance.