Photo News - Financial Services Commission

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FSC Chairman attends MOU signing on boosting microfinance support in Gangwon StateSep 04, 2026

Chairman Lee Eog-weon of the Financial Services Commission signed a memorandum of understanding (MOU) with officials from related organizations to strengthen the provision of microfinance support in Gangwon State (formerly known as Gangwon-do Province) on September 4. In close coordination with Shinhan Bank, authoritieswill help to establish a local microfinance support center in Gangwon State. In his congratulatory remarks, FSC Chairman Lee spoke about the importance and necessity of seeking a balanced growth across different regions as a sustainable growth strategy for the Korean economy. In this regard,Chairman Lee said thatthe establishment of a comprehensive microfinance support center in Gangwon State will help to build more ladder of hope to assist vulnerable groups in the region.
Vice Chairman presides over joint consultative body meeting on security tokenSep 04, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the third joint consultative body meeting on security token with officials from related organizations, industry groups, and private sector experts on September 4. At today's meeting, officials discussed key policy directions on security token, which include promoting the establishment of digital securities infrastructures (ultimately aiming for a completely on-chain infrastructure for the payment and settlement of securities), setting specific rules for investing in fractional investment products (e.g. pooling of underlying assets, investor protection measures, etc.), introducing standards for over-the-counter transactions of tokenized securities, and adopting a standardized set of requirements and guidelines on distributed ledger to ensure stability. Speaking about the need to expand the tokenization of securities for more than just fractional investment products, Vice Chairman Kwon said that authorities will seek to lay foundations to facilitate the tokenized issuance and circulation of more traditional types of securities including stocks, bonds, and funds with an ultimate goal of completely transforming and upgrading capital market infrastructures for digital connectivity.
FSC Chairman meets with small business owners and observes pilot operation of small business credit bureauSep 02, 2026

Chairman Lee Eog-weon of the Financial Services Commission visited a local bank in Seoul to meet with small business owners and check the operation of the newly launched small business credit bureau (SCB) on September 1. The SCB was launched for pilot operation by eight banks from August 31, offering an array of benefits exclusively for small business owners in the form of enhanced credit standing, increased loan amount, and lower lending rate. During his visit, Chairman Lee spoke about the need to make sure that there are wide opportunities available for businesses that have significant growth potential. In this regard, Chairman Lee said that the introduction of the SCB as a means to boost our inclusive finance efforts will help to create more opportunities for small businesses by allowing lenders to make use of a variety of nonfinancial data to evaluate the future growth prospect of small businesses.
FSC and MOLIT hold kickoff meeting on boosting housing supplyAug 28, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over a meeting with officials from the Ministry of Land, Infrastructure and Transport, public housing finance organizations, and related industry groups to discuss ways to speed up the supply of housing on August 28. At the meeting, Vice Chairman Kwon stressed the importance of maintaining close communication between the financial and construction sectors in seeking to resolve the problem of housing cliff. In this regard, Vice Chairman Kwon said that this kickoff meeting will serve as an important starting point to speed up the supply of housing and pledged that the government will make utmost efforts to provide the regulatory support needed to accelerate the supply of housing.
Vice Chairman presides over meeting on AI-driven financial MyData servicesAug 25, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over a meeting with legal experts and officials from related financial companieson August 25andhaddiscussions on ways to bring about improvements to financial MyData services using AI. At the meeting, officials discussed (a) introducing an AI agent for financial MyData service users and (b) expanding the scope of financial data eligible to be used safely by MyData service providers. In addition, officials also discussed and sharedkey regulatory trends on data privacy in overseas countries. After having sufficient discussions with related industry groups and experts, the FSC plans to seek revisions to the Credit Information Use and Protection Act.
Vice Chairman presides over joint meeting on anti-voice phishing measuresAug 20, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the second joint meeting on anti-voice phishing measures held with officials from related agencies and major financial institutions on August 20. At today's meeting, Vice Chairman Kwon discussed the significance of the AI-based anti-phishing Sharing and Analysis Platform (ASAP) launched last year as it has helped to prevent potential scams estimated at about KRW66.36 billion between October 2025 and July 2026. More importantly, however, Vice Chairman Kwon emphasized that the platform has enabled the financial and telecommunications sectors and investigation authorities to more closely and systematically work together without the regulatory barriers or obstacles that existed before. In this regard, Vice Chairman Kwon said that the government will continue to work to ensure the maintenance of close cooperation and coordination among related organizations to stamp out and prevent damages from vishing scams and other types of financial frauds.
FSC Chairman presides over 53rd financial hub development committee meetingAug 19, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the 53rd financial hub development committee meeting held on August 19. At the meeting, the committee approved the 7th three-year plan for financial hub policy for 2026-2028, laying out strategies in theareas of(a) promoting the development of innovative financial services, (b) taking a leading role to facilitate the convergence of financial and nonfinancial services, (c) upgrading regulations and infrastructures to make the domestic capital markets more foreign investor-friendly, and (d) providing active support for domestic financial companies to expand their business operations overseas.
FSC Chairman delivers welcoming remarks at 10th joint finance job fair opening eventAug 19, 2026

Chairman Lee Eog-weon of the Financial Services Commission attended the opening ceremony of the 10th joint finance job fair and delivered welcoming remarks on August 19. With82 financial institutions joining the event, the 10th annual job fair is being held in the largest scale ever this year. From 2027, the joint finance job fair event will be held twice yearly including a venue outside the Seoul metropolitan area to offer more opportunities for jobseekers in non-Seoul areas. In his speech, Chairman Lee spoke about both challenges and opportunities presented by AI for finance jobseekers and urged financial companies to make efforts to expand the supply of quality jobs and opportunities for young adults.
FSC Chairman presides over expanded meeting on household debt managementAug 14, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over an expanded meeting on household debt management with officials from related ministries, organizations, and financial industries participating on August 14. At the meeting, officials went over recent trends in household loans and discussed ways to effectively implement the government's housing finance measures announced a day before with aims to shore up the supply of housing and boost the provision of housing finance support for young adults. As the measures necessitate an upward adjustment of the previously set growth target for this year, FSC Chairman Lee said that financial companies should work to make sure that their freed up lending capacity is directed toward non-speculative homebuyers and renters in the form of relocation loans and so on for particular purposes that fit specific categories under the newly announced measures. In this regard, Chairman Lee said that it is critical to make sure that the freed up lending capacity in the financial sector is not viewed as an easing of loan regulations or household loan management.
FSC Chairman announces financial measures to shore up housing supply and boost housing finance support for young adultsAug 13, 2026

Chairman Lee Eog-weon of the Financial Services Commission announced comprehensive financial measures to facilitate the supply of housing and boost the provision of housing finance support for young adults at aninter-ministerial joint briefing held on August 13. At the briefing, Chairman Lee outlined specific details including an expanded supply of public guarantee support for housing development and construction projects, a new public guarantee program intended to promote urban renewal projects, and a set of housing finance assistance programs targeted at young adults. Considering the need to expand the supply of housing and boost the availability of housing finance for non-speculative homebuyers and renters, the total volume of annual household debt growth target for this year will be raised to a 3-percent level from the initially planned level of 1.5 percent.
FSC Chairman holds meeting with financial investment businessesJul 28, 2026

Chairman Lee Eog-weon of the Financial Services Commission held a meeting with financial investment businesses and discussed ways to strengthen the management of single-stock leveraged products on July 28. At the meeting, Chairman Lee urged financial investment businesses and related organizations to make sure to promptly implement the measures announced by the government on July 16 and sought cooperation from them to better protect investors and help to stabilize demand in the market. The FSC plans to continue to closely monitor market situation and have in-depth discussions with market experts and investors to be ready to employ additional measures if it becomes necessary.
FSC Chairman holds conference on ultra-long-term technoloty investment fundJul 20, 2026

Chairman Lee Eog-weon of the Financial Services Commission held a public conference on the introduction of an ultra-long-term technology investment fund with financial investment businesses, venture capital investors, and industry experts on July 20. Theultra-long-term technology investment fund planned to be launched in the third quarter of this year in the size of KRW880 billion for a duration of fifteen years will provide targeted funding support for the development of strategic high-tech and future industries particularly in the areas that require patient capital over a longer-term horizon. In his opening remarks, Chairman Lee spoke about the significance of launching an ultra-long-term tech investment fund through within the apparatus of the National Growth Fund as it will help to secure the competitive edge needed to propel the development of future technologies and industries. In the process of preparing for the launch and designing incentives for the asset management companies that will oversee the management of the ultra-long-term tech investment fund, Chairman Lee said that authorities will make sure to have close communication and engagement with the market and industry officials.