Photo News - Financial Services Commission

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FSC Chairman meets with young adults and discusses measures to strengthen youth finance programsJan 22, 2026

Chairman Lee Eog-weon of the Financial Services Commission held a meeting with a group of young adults and officials from related organizations to have discussions on ways to make financial services better serve the needs of young adults on January 22. At the meeting, Chairman Lee said that the government plans to launch "youth future savings program" in June this year to facilitate young adults to more effectively build up assets. In addition, Chairman Lee said that a new microloan program with low interest rates will be introduced to help young adults with the expenses associated with early career development. Starting from today, individually-tailored financial consulting service will also be made available for young adults to help them continue with the stable management and planning of personal finances.
Vice Chairman presides over consultative body meeting on promoting productive financeJan 21, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the first consultative body meeting on promoting productive finance joined byofficials from policy financial institutions and private financial companies on January 21. In his opening remarks, Vice Chairman Kwon stressed the importance of seeking a paradigm shift in the financial industry to propel a great takeoff and revitalization of the Korean economy. In this regard, Vice Chairman Kwon said that the financial sector should make transitions away from their traditional business models to supply more funds and investments to high-tech industries and innovative startups and venture businesses, capital markets, and regional economies. To make this happen, Vice Chairman Kwon underscored the importance of maintaining mutual understanding between the financial and non-financial enterprises, so that financial companies can make accurate assessments about the technological prowess and future value of enterprises as their investment targets. Meanwhile, Vice Chairman Kwon vowed to maintain close communication with the financial sector in every step of the way.
Vice Chairman presides over kickoff meeting of taskforce on credit rating systemJan 20, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the kickoff meeting of the taskforce on reforming the credit rating system on January 20. The taskforce on credit rating system will seek ways to bring about improvements to the credit assessment system for both individuals and small business owners and promote the use of alternative credit rating methods and artificial intelligence technology. Speaking about the importance of establishing a sound financial safety net intended to make the system more inclusive, Vice Chairman Kwon urged the taskforce to seek substantive reform measures to make the credit rating system a key infrastructure that can help to make the financial industry more productive, inclusive, and reliable.
Vice Chairman presides over kickoff meeting of taskforce on improving corporate governance practicesJan 16, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the kickoff meeting of the newly established taskforce on improving the corporate governance structure of financial companies on January 16. The taskforce on corporate governance structure was set up to enhance the fairness and transparency in financial companies' corporate governance practices. Through active participation from various experts, the taskforce will have discussions on ways to increase the autonomy of corporate boards, improve the fairness and transparency in the CEO selection and appointment process, making improvements to bonus payments, etc. Based on the outcome of taskforce meetings, the FSC plans to draw up a comprehensive plan to improve corporate governance practices of financial companies in the first quarter of this year.
SFC Chairman presides over meeting on stamping out stock market manipulationJan 14, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission who doubles as the Chairman of the Securities and Futures Commission presided over the meeting on stamping out stock market manipulation with officials from the Financial Supervisory Service and the Korea Exchange on January 14 where authorities decided to expand the organizational capacity of the previously launched joint response unit. In order to boost the effectiveness of capital market investigation, the authorities decided to establish an additional team to speed up the investigation and sanctions process to more effectively root out unfair trading activities in capital markets. The newly established two-team organizational framework in the joint response unit will help to promote competition and collaboration between them.
FSC Chairman presides over annual work report conference of public financial institutionsJan 13, 2026

Chairman Lee Eog-weon of the Financial Services Commission presidedover the annual work report conference of public financial institutions on January 13. At today's conference, officials from eight public financial institutions, which include Korea Development Bank, Industrial Bank of Korea, Korea Credit Guarantee Fund, Korea Inclusive Finance Agency, Credit Counseling and Recovery Service, Korea Asset Management Corporation, Korea Deposit Insurance Corporation, and Korea Housing Finance Corporation, presented their annual work plans and key business agendas for 2026. In pursuing various policy agendas to make the financial industry more productive and inclusive, Chairman Lee said that public financial institutions are at the forefront of implementing government policies. Therefore, Chairman Lee asked public financial institutions to boost collaboration between organizations and maintain consistency in policy implementation, while ensuring transparency and openness in their operations.
FSC Chairman presides over annual work report conference of affiliated organizationsJan 12, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the annual work report conference of affiliated organizations on January 12. At today's conference, officials from seven affiliated organizations, which include Korea Exchange, Korea Securities Depository, Korea Growth Investment Corporation, Korea Credit Information Services, Financial Security Institute, Korea Insurance Development Institute, and Korea Financial Telecommunications and Clearings Institute, presented their annual work plans and key business agendas for 2026. Speaking about the critical role and the responsibility of public financial infrastructure providers, Chairman Lee underscored the importance of these organizations in ensuring stability and preventing accidents and cyber breaches. In addition, Chairman Lee called for increased attention to maximize the potential of artificial intelligence in the financial sector while adhering to the basic principles of data protection.
FSC Chairman outlines key measures to boost financial inclusionJan 08, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the first meeting on propelling a transition to inclusive finance with officials from related public organizations, five major financial holding groups, and private sector experts on January 8. At the meeting, Chairman Lee outlined key policy measures to boost financial inclusion going forward through joint efforts from the public and private sectors. The measures include (a) improving financial access and reducing financial cost burden, (b) providing support for vulnerable groups to help them quickly recover and regain footing, and (c) strengthening financial safety nets. Since it is important to have mutual understanding and close collaboration among all participants in pursuing these inclusive finance measures, Chairman Lee said that the FSC will continue to have close communication with various stakeholders and operate a taskforce on each policy task area to seek detailed measures and follow up with implementation.
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.