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Government Unveils Additional Financial Measures to Support Businesses amid COVID-19 Spread

    Government Unveils Additional Financial Measures to Support Businesses amid COVID-19 Spread

    February 28, 2020
  • The government unveiled additional financing support for SMEs and small merchants hit by the spread of COVID-19 on February 28, 2020, as a follow-up to the financing support announced on February 7.
    * Please refer to the attached PDF for details.


  

Financial Policy Plans to Support Innovative Start-ups & SMEs

    Financial Policy Plans to Support Innovative Start-ups & SMEs

    February 27, 2020
  • The FSC outlined this year’s policy plans to support Korea’s innovation-led growth on February 26, 2020, as a follow-up to the 2020 work plan announced on February 17. The plans are intended to provide innovative start-ups and SMEs with financing support.
    * Please refer to the attached PDF for details.


  

Telecommuting Made Possible for Employees of Financial Companies amid COVID-19 Spread

    Telecommuting Made Possible for Employees of Financial Companies amid COVID-19 Spread

    February 27, 2020
  • The Financial Services Commission took steps to make telecommuting possible for the employees of financial companies in order to ensure an uninterrupted provision of financial services even in emergency situations, such as the spread of COVID-19.
    * Please refer to the attached PDF for details.


  

Government Supports Smooth Operation of Corporate AGMs amid COVID-19 Spread

    Government Supports Smooth Operation of Corporate AGMs amid COVID-19 Spread

    February 26, 2020
  • The government announced supportive measures on February 26, 2020 to ensure the safe and smooth operation of companies’ annual general meetings (AGMs) as the spread of COVID-19 may delay the submission of financial statements, audit and annual reports by some companies operating subsidiaries in China.
    * Please refer to the attached PDF for details.

  

Fintech and Digital Finance Policy for 2020

    Fintech and Digital Finance Policy for 2020

    February 26, 2020
  • The Financial Services Commission announced on February 25, 2020 its key policy plans for fintech and digital finance, which include advancing digital finance, promoting data economy, cultivating new fintech industry and services, working on regulatory reform in fintech and digital sectors, and strengthening the foundation for innovation.
    * Please refer to the attached PDF for details.


  

FSC Chairman Discusses Improvements to Supervision of Financial Conglomerates

    FSC Chairman Discusses Improvements to Supervision of Financial Conglomerates

    February 24, 2020
  • FSC Chairman Eun Sung-soo held a meeting on February 24, 2020 with the CEOs of financial conglomerates and experts from the private sector to discuss ways to improve the supervision of financial conglomerates.
    * Please refer to the attached PDF for details.


  

Government to Closely Monitor Business Needs amid COVID-19 Outbreak

    Government to Closely Monitor Business Needs amid COVID-19 Outbreak

    February 21, 2020
  • FSC Vice Chairman Sohn Byungdoo convened a meeting on February 21, 2020 to assess the implementation of the financing support intended to help SMEs and small merchants amid the COVID-19 outbreak.
    * Please refer to the attached PDF for details.


  

FSC Designates 9 More Financial Solutions for Regulatory Sandbox

    FSC Designates 9 More Financial Solutions for Regulatory Sandbox

    February 20, 2020
  • The FSC designated nine additional financial solutions as ‘innovative financial services’ to be added to its regulatory sandbox program on February 19, 2020.
    * Please refer to the attached PDF for details.


  

2020 Work Plan Focuses on Financial Innovation to Support Innovative Businesses

    2020 Work Plan Focuses on Financial Innovation to Support Innovative Businesses

    February 17, 2020
  • The Financial Services Commission along with other economic ministries presented the 2020 Work Plan on February 17, 2020. The FSC has outlined 10 key policy tasks for this year.
    * Please refer to the attached PDF for details.


  

Measures to Improve Regulatory Framework on Hedge Funds

    Measures to Improve Regulatory Framework on Hedge Funds

    February 14, 2020
  • The Financial Services Commission and the Financial Supervisory Service unveiled on February 14, 2020 an evaluation of hedge fund market and the measures to improve its regulatory framework.
    * Please refer to the attached PDF for details.