Photo News - Financial Services Commission

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Vice Chairman announces plans for SPV and key industry stabilization fundMay 20, 2020

Vice Chairman Sohn Byungdoo announced the government's plans to set up a special purpose vehicle and a key industry stabilization fund at a press briefing on May 20. Through these measures, the government will enhance support for the corporate bond and commercial paper markets and help provide the necessary funding for the country's key industries.* Please see press release for details.
Vice Chairman holds 4th financial risk assessment meetingMay 19, 2020

Vice Chairman Sohn Byungdoo held the 4th financial risk assessment meeting on May 19. At the meeting, Vice Chairman Sohn stated that the financial markets are showing signs of stability due to prompt policy responses from the government,andthatin order to ensureawiderimpactofthecurrent market stabilizing effects, the government will provide support for low-rated corporate bonds and commercial paper. * Please see press release for details.
Vice Chairman Holds meeting on measures to improve asset-backed securities marketMay 18, 2020

FSC Vice Chairman Sohn Byungdoo held a meeting with industry officials and experts on May 18 to discuss ways to improve the asset-backed securities market. At the meeting, Vice Chairman Sohn emphasized the important role of asset-backed securities for corporate financing whileexplaining the government's plans for introducing the risk retention rule and removing the current BB rated credit requirement for businesses when issuing ABS, among others. * Please see press release for details.
Vice Chairman holds financial risk assessment meetingMay 12, 2020

FSC Vice Chairman Sohn Byungdoo held a financial risk assessment meeting on May 12, and discussed the second phase financial support program for small merchants and the preparations for emergency relief payments and key industry stabilization fund. At the meeting, Vice Chairman Sohn urged local banks and individuals to adhere to the virus prevention measures as banks get ready to process applications for household emergency relief payments and small merchant loans. * Please see press release for details.
FSC Chairman and chiefs of financial groups and institutions sign agreement on stock market stabilization fundMar 31, 2020

FSC Chairman Eun Sung-soo held a meeting with the heads of major financial groups and institutions on March 31 and signed a memorandum of agreement on creating a stock market stabilization fund to help restore stability in the country's major securities markets.
Vice Chairman holds 1st teleconference meeting for Securities and Futures Commission to contribute to social distancing campaignMar 25, 2020

FSC Vice Chairman Sohn Byungdoo held the 1st teleconference meeting of the Securities and Futures Commission on March 25, 2020 to promote the government-wide social distancing campaign. The FSC and the SFC plan to utilize teleconferencing tools for the regular meetings to help contribute to the government-wide social distancing campaign.
Vice Chairman holds meeting on improving auto insurance rulesMar 19, 2020

FSC Vice Chairman Sohn Byungdoo held a meeting on March 19, 2020 to discuss ways to improve the current rules and regulations on auto insurance. During the meeting, Vice Chairman Sohn emphasized the importance of fairness in calculating insurance premiums and of protecting the rights and interests of victims of auto accidents.
FSC Chairman meets with financial federation and association leadersMar 06, 2020

FSC Chairman Eun Sung-soo held a meeting with the federation and association chiefs of the financial industry on March 6, 2020, and discussed ways in which different financial sectors can contribute to alleviate difficulties facing businesses and industries affected by the spread of COVID-19.
FSC Chairman holds meeting on COVID-19 developmentsMar 04, 2020

FSC Chairman Eun Sung-soo convened a meeting on March 4, 2020 to assess market developments and share information about various issues concerning the spread of COVID-19. At the meeting, Chairman Eun emphasized the importance of prioritizing a prompt implementation of the financing support measures for small merchants and SMEs.
FSC Chairman calls for active support from financial holding companies in response to COVID-19 outbreakMar 02, 2020

FSC Chairman Eun Sung-soo held a meeting with leaders of financial holding companies on March 2, 2020, and urged active support to help ensure that businesses and small merchants can overcome financial challenges amid the spread of COVID-19.
FSC Chairman holds talks with chiefs of policy banks to facilitate financing support for businesses hit by COVID-19Feb 26, 2020

FSC Chairman Eun Sung-soo held a meeting with the chiefs of the Korea Development Bank, Industrial Bank of Korea and Export-Import Bank of Korea on February 26, 2020 in Seoul, and talked about the importance of ensuring a prompt implementation of financing support to the businesses that have been hit by the spread of COVID-19.
FSC Chairman holds press conference on 2020 financial policy roadmapFeb 19, 2020

FSC Chairman Eun Sung-soo held a press conference on February 19, 2020 in Seoul, and explained the government's financial policy roadmap for this year focusing on financial innovation and inclusion rooted in stability.