Photo News - Financial Services Commission

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FSC Chairman presides over meeting on preventing illegal private lendingDec 29, 2025

Chairman Lee Eog-weon of the Financial Services Commission presided over a meeting with officials from related organizations and financial consumer groups to have discussions on ways to prevent illegal private lending on December 29. At the meeting, Chairman Lee spoke about the importance of boosting public advertisement efforts to make sure that everyone is aware of the recently revised law nullifying illegal private loan contracts charging more than 60 percent annually in interest payments. To help strengthen responses against illegal private lending, the FSC unveiled plans to upgrade relevant rules to provide one-stop assistance for victims and seek prompt suspension of accounts for those that have been utilized in illegal private lending activities.
FSC Chairman presides over 3rd meeting on propelling transition to productive financeDec 22, 2025

Chairman Lee Eog-weon of the Financial Services Commission presided over the third meeting on propelling a transition to productive finance with officials from the venture industry, financial institutions, market infrastructure providers, and experts on December 22. At the meeting, FSC Chairman Lee laid out four major policy initiatives put forward by the government as follows(a) allowing the entry of new electronic securities registries specializing in unlisted stocks, (b) revamping regulations on PEFs (institution-only PEFs) in line with global standards, (c) establishing a system to monitor institutional investors compliance with the stewardship code whileexpanding the scope of stewardship codes application, and (d) continuing to supervise and monitor the supply of venture capital by large IBs.
FSC Chairman meets with UK Ambassador to KoreaDec 22, 2025

Chairman Lee Eog-weon of the Financial Services Commission met with Ambassador Colin Crooks of the United Kingdom to the Republic of Korea at his office in Seoul Government Complex on December 22. At the meeting, Chairman Lee and Ambassador Crooks exchanged views on expectations for global economy in 2026, financial policies in each country, and ways to strengthen financial cooperation between Korea and the U.K.
Vice Chairman presides over financial education council meetingDec 22, 2025

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over this year's second financial education council meeting with officials from related organizations and consumer associations on December 22. At the meeting, Vice Chairman Kwon discussed the importance of providing financial education programs tailored to the needs of different lifestages. In this regard, Vice Chairman talked about the growing need to enhance digital financial literacy for teenagers and strengthen the provision of educational programs to help prevent financial crimes and damages from financial frauds or accidents.
Vice Chairman holds meeting on comprehensive finance-employment-welfare assistance for vulnerable groupsDec 16, 2025

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over a meeting with officials from related ministries and organizations on December 16 to go over the progress of providing the comprehensive finance-employment-welfare assistance for vulnerable groups in the past two years and discuss plans for the program in the upcoming year. By closely aligning and coordinating different policies implemented by various government agencies, the government was able to provide more effective and meaningful assistance to those in need. Since the comprehensive support program was first made available two years ago, about 210,000 individuals received support in one form or another. Building upon the successful implementation of policy coordination, the government plans to expand the scope of services made available through this program and strengthen collaboration with other regional organizations and financial institutions next year.
FSC Chairman holds meeting to monitor market conditions and review risk factorsDec 15, 2025

Chairman Lee Eog-weon of the Financial Services Commission presided over a meeting with related authorities, research institutions,and market experts on December 15 to review financial market conditions and risk factors going forward. At the meeting, Chairman Lee spoke about the importance of being thoroughly prepared for the unexpected in the market. To this end, the FSC plans to continue to have market monitoring meetings with related authorities and market experts on an ongoing basis, while continuing to make available market stabilization programs in 2026.
FSC Chairman attends National Growth Fund launching eventDec 11, 2025

Chairman Lee Eog-weon of the Financial Services Commission attended the launching event for National Growth Fund and presided over the kickoff meeting of its joint strategy committee on December 11. In his opening remarks, Chairman Lee spoke about the importance of mobilizing all necessary national capacities for securing a competitive edge amid the deepening of global competition over industries and technologies. As industries are driving innovation and growth with a vision for future and the financial sector is providing venture capital to innovative companies and promising enterprises, Chairman Lee underscored the significance of industries and financial sectors coming together in collaborative efforts with the government to provide a strong engine of growth for the economy. With the launching of National Growth Fund, Chairman Lee also urged financial companies to bolster their capacities to be able to more actively supply venture capital and make investment in high-tech strategic industries.
FSC Chairman attends long-term personal debt cancellation ceremonyDec 08, 2025

Chairman Lee Eog-weon of the Financial Services Commission attended the first long-term debt cancellation ceremony for vulnerable debtors made available under the New Leap Fund program on December 8. About 70,000 individuals whose delinquent debts worth KRW1.1 trillion have been acquired by the New Leap Fund program qualified for the first batch of debt cancellation today. At the event, Chairman Lee delivered congratulatory remarks underscoring the significance of providing opportunities to start afresh for vulnerable debtors. In this regard, Chairman Lee said that the financial turning point made available by the New Leap Fund program will help vulnerable debtors to regain footing financially and facilitate our economy to get back on course for a virtuous cycle of growth.
9th regular Korea-Japan financial shuttle meeting and 10th IFCF held in BusanDec 08, 2025

The financial authorities of Korea (FSC and FSS) and Japan (FSA) held a high-level meeting commemorating the 60th anniversary of the normalization of diplomatic relations between the two countries. The financial authorities of Korea and Japan also took part in a joint session (Regulatory Frontiers in a Digital Era) of the 10th International Financial Cooperation Forum (IFCF). With the participation of high-level officials from Japan and Indonesia, this years IFCF being held in Busan will help to more widely promote Koreas productive finance and financial hub policies.
FSC Chairman meets with Amazon's Senior Vice President David A. ZapolskyDec 05, 2025

Chairman Lee Eog-weon of the Financial Services Commission met with Amazon's Senior Vice President David A. Zapolsky at his office in Seoul Government Complex on December 5 and held talks on ways to increase cybersecurity in the financial sector to facilitate a wider adoption of AI in financial services. At the meeting, Chairman Lee underscored the significance of Amazon Web Services (AWS)'s plan for AI infrastructure investment in Korea (more than USD5 billion until 2031), which was unveiled at the APEC CEO summit in October this year. To foster a healthy AI and cloud-based ecosystem, Chairman Lee said that the establishment of a rigorous and reliable cybersecurity infrastructure and system resilience is essential in the financial sector. To that end, Chairman Lee said that the government will seek to introduce a new legislation to more effectively oversee cybersecurity issues in digital finance.
FSC and MOTIR seek ways to boost investment on AI transformation in manufacturingDec 04, 2025

Chairman Lee Eog-weon of the Financial Services Commission attended a meeting on facilitating collaboration between National Growth Fund and M.AX (manufacturing AI transformation) Alliance to boost investment on AI transformation in the manufacturing sector on December 4. At the meeting, the manufacturers participating in the M.AX Alliance program presented their investment plans for AI transformation that can be aligned with the operation of National Growth Fund. Speaking about the importance of boosting venture investment and promoting a transition toward productive finance, FSC Chairman Lee said that it is crucial to have close cooperation between the financial sector and the manufacturing industries on a continuing basis. In this regard, Chairman Lee said that National Growth Fund should be operated in ways that can make a real difference to boost the competitiveness of key strategic industries.
FSC Chairman meets with Deutsche Bundesbank President Joachim NagelDec 02, 2025

Chairman Lee Eog-weon of the Financial Services Commission met with Deutsche Bundesbank President Joachim Nagel at his office in Seoul Government Complex on December 2. At the meeting, Chairman Lee and President Nagel exchanged views on uncertainty regarding the monetary policy of major economies, global discussions on stablecoin, and the role of finance for boosting the real economy. Speaking about Korea Development Bank (KDB)'s recent branch opening in Frankfurt, Germany, Chairman Lee asked for continued support from the Bundesbank President to facilitate the business operation of Korean financial companies in Germany. In this regard, the two leaders agreed to strengthen cooperation on financial regulation and supervision to promote the entry and overseas expansion of financial businesses in each other's country.