Photo News - Financial Services Commission

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FSC Chairman speaks about importance of AI transformation in financeApr 29, 2026

Chairman Lee Eog-weon of the Financial Services Commission attended a gathering event for fintech businesses, financial companies, investment firms, policy financial institutions, and related industry associations for facilitating collaboration and investment for fintech startups on April 29. At the event, Chairman Lee delivered opening remarks speaking on the importance of pushing for AI transformation (AX) in the financial industry. In this regard, the FSC introduced plans to upgrade fintech support programs to make the provision of support more selective and targeted for regional startups and young entrepreneurs and in the areas of AI transformation (AX). To facilitate this, the FSC plans to set up a more integrated governance network on fintech support programs throughout different regions and establish an integrated fintech support information platform.
FSC Chairman presides over 4th meeting on propelling transition to inclusive financeApr 27, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the fourth meeting on propelling a transition to inclusive finance with officials from related financial institutions and industry groups and private sector experts on April 27. At today's meeting, officials discussed ways to expand the supply of mid-range interest loans to bolster the provision of support for lower income households and vulnerable groups. Speaking about the importance of ensuring a steady supply of financial support for borrowers with mid-range credit scores, Chairman Lee said that the measures being introduced today will help to lower borrowing costs while expanding the volume of supply available for mid-range interest loans to more effectively assist those experiencing added challenges due to strained economic conditions recently.
FSC Chairman visits India and Vietnam to open up new opportunities and bolster financial cooperationApr 26, 2026

Chairman Lee Eog-weon of the Financial Services Commission traveled to India and Vietnam to strengthen financial cooperation with the two countries on the sidelines of President Lee Jae Myungs state visits from April 19 to 25. During his trips, Chairman Lee had high-level bilateral meetings with government officials to promote the overseas expansion of Korean financial companies and facilitate their business operations in local markets, attended financial cooperation forums for the development of financial hubs and the integration of cross-border QR payments system, and held meetings with Korean financial companies and enterprises doing business in the two countries. Chairman Lees visit to the two rapidly growing countries underscores the Korean governments aim to bolster strategic cooperation with the two major partners in the region particularly in the areas of financial services.
FSC Chairman meets with steel industry and discusses availability of financial support programsApr 17, 2026

Chairman Lee Eog-weon of the Financial Services Commission held a meeting with officials from the steel industry and related financial institutions on April 17 and reviewed challenges faced by steel companies amid the continuing war in the Middle East and discussed the availability of financial support programs. At the meeting, Chairman Lee underscored the significance of the steel industry as a crucial pillar for other rear industries, such as the machinery and electronics sectors. Chairman Lee said that the rising costs and instability in supply chains experienced by steel companies can have considerable ripple effects across other enterprises and industries. In this regard, Chairman Lee outlined and explained key financial support programs, including lending support, corporate bond support, and investment assistance, made available for businesses hit by the continuing war in the Middle East.
FSC Chairman presides over 5th meeting on propelling transition to productive financeApr 16, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the fifth meeting on propelling a transition to productive finance with officials from the Financial Supervisory Service, the banking and insurance sectors, and related industry groups on April 16. At todays meeting, officials discussed ways to improve upon the capital regulations and requirements for banks and insurers to help strengthen their capital capacity aimed at productive finance. With the participation of private sector experts, officials also discussed the impact of the Middle East situation on domestic industries and went over the progress of financial assistance measures made available from the financial industry. In his opening remarks, FSC Chairman Lee said that the need to push for productive finance is not a choice but a path that we should pursue together to make sure to put our economy on a course for sustainable growth. In this regard, the FSC put forward plans to free up some KRW98.7 trillion in capital capacity for banks and insurers to channel more supply of finance toward productive sectors.
FSC Chairman delivers congratulatory remarks at a capital market seminar held on improving rules on split listingApr 16, 2026

Chairman Lee Eog-weon of the Financial Services Commission attended a policy seminar held on improving regulations on split listing of parent-subsidiary companies on April 16. The seminar was joined by investors, industry groups, and experts from various backgrounds, and the participants had discussions on ways to bring about regulatory improvements tosplitlisting of parent-subsidiary companies. The FSC had previously announced a plan to prohibitsplitlistings of parent-subsidiary companies in principle with an aim to strengthen protection for ordinary shareholders. In this regard, FSC Chairman Lee said that financial authorities will seek to upgrade relevant rules and the screening process to make sure to clearly distinguish between thesplit listingsof parent-subsidiary companies generating lopsided benefits for only a few and those that are deemed to be fair and that can createnew value for ordinary shareholders. While speaking about the recent change made in the Commercial Act bringing about significant improvements in the protection of shareholders, Chairman Lee said that the regulatory improvements sought onsplitlisting will help to further strengthen the fiduciary duty of corporate executives and boardsin the best interests of shareholders.
FSC Chairman presides over second strategic committee meeting on National Growth FundApr 14, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the second strategic committee meeting on National Growth Fund held on April 14. At today's committee meeting, officials announced a second batch of investment megaprojects sought by the NGF and discussed specific investment plans that are aimed at strengthening the foundation of high-tech industries and their ecosystems. In his opening remarks, Chairman Lee spoke about the deepening global competition over high-tech industries and energies and discussed the importance of providing timely and tailored investment support to help strengthen the national competitiveness in these industries.
FSC Chairman meets with AMCHAM Korea Chairman and CEO James KimApr 10, 2026

Chairman Lee Eog-weon of the Financial Service Commission met with Chairman and CEO of the American Chamber of Commerce in Korea (AMCHAM Korea) James Kim at his office in Seoul Government Complex on April 10. At the meeting, FSC Chairman Lee and AMCHAM Korea Chairman Kim discussed ways to attract more investments in Korea from global financial institutions and strengthen Koreas financial regulatory competitiveness.
Vice Chairman delivers congratulatory remarks at investment agreement ceremony for Shinan Ui offshore wind farm projectApr 09, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission attended a memorandum of understanding (MOU) signing ceremony held between related government ministries, financial institutions, and enterprises for cooperation on project finance forthe development of Shinan Ui offshore wind farm in South Jeolla Province. At the event, Vice Chairman Kwon delivered congratulatory remarks where he discussed the importance of making transitions away from fossil fuels and toward renewable energies. In this regard, Vice Chairman Kwon also spoke about the need to secure sufficient power supplyto be able to meet the growing needs from AI data centers to promote a high-tech-driven growth in the economy.
FSC Chairman attends the taskforce meeting on improving the credit rating systemApr 09, 2026

Chairman Lee Eog-weon of the Financial Services Commission attended the third taskforce meeting on upgrading the credit rating system held with officials from credit rating agencies, related financial organizations, and industry groups on April 9. At the meeting, the FSC introduced a plan to launch an AI-based credit rating framework focused on the needs of small businesses and self-employed business owners. Speaking about the planned launch of the Small Business Self-Ownership Credit Bureau (SCB), Chairman Lee underscored the importance of facilitating the supply of finance to small businesses that are equipped with future growth potential through a sweeping overhaul in the structure of financial flows. In this regard, Chairman Lee said that the SCB can serve as the starting point in making a transition toward a more data-driven and future-oriented model of finance.
FSC Chairman holds meeting with petrochemical and refinery businessesApr 07, 2026

Chairman Lee Eog-weon of the Financial Services Commission held a meeting with domestic petrochemical and refinery businesses on April 7 to talk about the challenging situation caused by ongoing conflict in the Middle East and discuss the availability of various assistance programs. Since the business operation of petrochemical and refinery businesses is directly hit by the strained oil supply from the Middle East, Chairman Lee explained that policy financial institutions and major banks have put forward plans to provide financial support in various forms. In this regard, policy financial institutions will provide KRW24.3 trillion worth of new loans to help resolve the liquidity problem of export and import businesses and their suppliers. Along this line, private financial companies have pledged to supply KRW53 trillion-plus in new loans and offer maturity extensions and payment deferments on existing loans to assist the businesses impacted by the ongoing war in the Middle East. Aside from these measures, there is also the P-CBO support program available for SMEs and MMEs and a collective investment scheme plannedto be launched in support for the petrochemical and other key strategic industries.
FSC Chairman delivers congratulatory remarks at MOU signing between Hyundai Motor Group and policy financial institutionsApr 06, 2026

Chairman Lee Eog-weon of the Financial Services Commission attended the memorandum of understanding (MOU) signing event between Hyundai Motor Group and policy financial institutions for mutual cooperation on theSaemangeum investment project on April 6 and delivered congratulatory remarks. In his speech, Chairman Lee discussed the importance oftheSaemangeum investment project as a turning point to build the foundation to push for a new high-tech industrial ecosystem and a shift toward a regional economy-driven growth model. In this regard, Chairman Lee said that maintaining this one-team spirit between private enterprises and policy financial institutions is a key to fostering new growth engines for the future of the Korean economy.