Photo News - Financial Services Commission

Photo News

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FSC Chairman delivers congratulatory remarks at Mapo Front 1 opening ceremonyJul 30, 2020

FSC Chairman Eun Sung-soo delivered congratulatory remarks at the opening ceremony of the Mapo Front 1, the government-backed start-up incubating facility on July 30. During his speech, Chairman Eun spoke about the availability of more funding opportunities for innovative start-ups through various government-funded support programs while pledging continuous support to help start-ups to grow in a post-pandemic era. * Please see press release for details.
FSC Chairman meets with heads of state-backed financial institutionsJul 29, 2020

FSC Chairman Eun Sung-soo met with heads of state-backed financial institutions on July 29, and held talks on the essential role of policy banks in facilitating the government's new deal initiative and ensuring a seamless implementation of the COVID-19 emergency support programs. At the meeting, Chairman Eun and the heads of policy banks agreed to closely communicate and exchange opinions to ensure effective policy implementation amid the pandemic-induced crisis and prepare for a post-pandemic era. * Please see press release for details.
Vice Chairman holds 14th financial risk assessment meetingJul 28, 2020

Vice Chairman Sohn Byungdoo held the 14th financial risk assessment meeting on July 28 to review market conditions and monitor the progress in implementing the COVID-19 financial support. During the meeting, Vice Chairman Sohn discussed the government's recovery efforts and financial policy strategies to support the real economy and export sectors, as well as plans to reinstate market regulations that have been eased due to market anxieties. * Please see press release for details.
FSC unveils plans to promote digital financeJul 27, 2020

The FSC announced its plans to promote digital finance on July 24, which focus 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 see press release for details.
Vice Chairman holds financial development review committee meetingJul 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. At the meeting, Vice Chairman Sohn outlined key financial policy tasks, such as supporting the steady growth of the real economy and innovative firms, improving the regulatory environment to facilitate the development of new and innovative business models for financial companies, preventingadeepeningofeconomic polarization and closely monitoring risk factors in the financial sectors. * Please see press release for details.
FSC Chairman meets with heads of financial holding groupsJul 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.During the meeting, Chairman Eundiscussedtheimportantroleofthefinancialindustry in successfully carrying out the government's new deal initiative and called for close cooperation. * Please see press release for details.
Vice Chairman holds 13th financial risk assessment meetingJul 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. At the meeting, Vice Chairman Sohn highlighted the significant role of finance in the government's new deal initiativeandstated that the FSC will actively support new investment projects and encourage private sector investment in new growth areas to help channel more funding sources into the new deal projects. * Please see press release for details.
FSC Chairman meets with officials from financial companies, big techs and fintechsJul 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. During the talks, Chairman Eun vowed strong support for digital transformation in the financial industry and stated that the traditional financial companies, big techs and fintechs should build mutual understanding and cooperative relations with each other. * Please see press release for details.
FSC Chairman holds 43rd financial hubs establishment committee meetingJul 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. At the meeting, Chairman Eun said that the government will work to enhance transparency in Korea's financial regulatory environment and find innovative ways to improve competitiveness of our financial industry. * Please see press release for details.
Vice Chairman holds 12th financial risk assessment meetingJul 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. At the meeting, Vice Chairman Sohn spoke about the acceleration of digital transformation and the move toward "untact" economic activities caused by the COVID-19 pandemic,whilestressingthe importance of agile responsestochangesand being well prepared forthe post-pandemic era. * Please see press release for details.
FSC Chairman speaks about promoting AI application in financial sectorsJul 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 and held talks on the importance of innovation and promoting the application of artificial intelligence in the financial industry. Chairman Eunhadanopportunitytotryouthow AI-based auto damage appraisal service works. * Please see press release for details.
Vice Chairman holds 11th financial risk assessment meetingJul 07, 2020

Vice Chairman Sohn Byungdoo presided over the 11th financial risk assessment meeting on July 7 to discuss the financial market conditions and monitor the progress in implementing the COVID-19 financial support. At the meeting, Vice Chairman Sohn spoke about the significance of corporate restructuring as an essential step to restore the competitiveness of a business in the process of business normalization. * Please see press release for details.