Photo News - Financial Services Commission

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FSC Chairman meets with CEOs of savings banksFeb 23, 2026

Chairman Lee Eog-weon of the Financial Services Commission held a meeting with the CEOs of twelve mutual savings banks and related organizations and discussed ways to promote sound development of mutual savings banks on February 23. In his opening remarks, Chairman Lee discussed the need to undertake a structural transformation in the industry for the survival and growth of savings banks amid an enduring risk of default originating from real estate market volatility, digital transition in the financial industry, and a polarization in the savings banks sector. In this regard, the FSC put forward a set of measures intended to facilitate their transition away from the short-term profit driven and community-centered operational model toward a more real economy-oriented and nationwide operational approach. With the newly announced measures in place, FSC Chairman Lee said that savings banks are encouraged to step up efforts to boost accountability, have more flexibility in their supply of finance, strengthen consumer confidence, and increase the supply of community finance and microfinance opportunities.
FSC Chairman visits local traditional market ahead of Lunar New Year's holidayFeb 13, 2026

Chairman Lee Eog-weon of the Financial Services Commission visited a local traditional market to meet with small merchants and have pep talks ahead of the Lunar New Year's holiday on February 13. During his visit, Chairman Lee took time to closely listen to the needs and challenges of small business owners and spoke about the availability of various financial support programs and the supply of small business lending programs made available from local banks and policy financial institutions.
FSC Chairman meets with credit recovery support recipients and holds talks on importance of inclusive financeFeb 13, 2026

Chairman Lee Eog-weon of the Financial Services Commission met with three individuals who benefited from the credit recovery support program to get back on track in their financial activities and held talks on the importance of inclusive finance on February 13. At the meeting, Chairman Lee said that the credit recovery support made available in the form of expungement of overdue debt history offered new opportunities to those who made diligent efforts to pay off delinquent debts. In this regard, Chairman Lee said that the FSC is pursuing various programs and policies intended to boost financial inclusion in the society to make sure that access to finance is made easier and cost for financing lowered especially for vulnerable groups.
FSC Chairman visits North and South Chungcheong Provinces and meets with local biotech and semiconductor enterprisesFeb 12, 2026

Chairman Lee Eog-weon of the Financial Services Commission traveled to North and South Chungcheong Provinces on February 12 and met with local biotech and semiconductor companies as part of efforts to bolster engagement and communication with local high-tech enterprises and promote investments through National Growth Fund and regional finance programs. During his tours of production facilities and meetings with local high-tech companies, Chairman Lee took time to closely listen to the needs and challenges of local businesses and talked about the promising aspects of financing and investment opportunities offered through National Growth Fund and regional finance programs. The FSC plans to continue to engage with local enterprises operating in different regions across the country to strengthen communication on the ground and help to come up with more practical solutions.
FSC Chairman visits Gwangju and South Jeolla Province and meets with local high-tech enterprisesFeb 11, 2026

Chairman Lee Eog-weon of the Financial Services Commission visited Gwangju and South Jeolla Province on February 11 to meet with local high-tech enterprises and industry officials and have talks on promoting investments in high-tech strategic sectors through National Growth Fund and regional finance programs. At the meeting with local high-tech enterprises and industry officials, FSC Chairman Lee said that in order to successfully implement the goal of productive finance through National Growth Fund, it is necessary to bolster the framework of collaboration between National Growth Fund and policy financial institutions, facilitate active participation by private financial companies, and ensure close communication and cooperation among all stakeholders and participants. To this end, Chairman Lee also said that the FSC will soon announce plans to overhaul the current delising rules in the KOSDAQ market to more effectively and promptly remove the companies that are deemed to be financially unviable from the market.
Vice Chairman presides over taskforce meeting on youth finance consulting servicesFeb 10, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the kickoff meeting of the taskforce on expanding the availability of youth finance consulting services with officials from related organizations and industry groups on February 10. At today's meeting, the taskforce discussed plans to expand the provision of finance consulting services tailored for the needs of young adults by increasing the number of bank branches offering such services to more than 200 within this year from the current level of 20 bank branches and to start making youth-oriented finance consulting and education programs available from the branches of securities firms and insurance companies. To assistyoung adultswithimprovingtheir financial literacy and accumulatingassets, Vice Chairman Kwon urged financial companies to provide and promote more youth-oriented financial support programs.
Financial development review committee holds meeting and discusses ways to promote productive financeFeb 09, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the joint meeting of the financial development review committee, an advisory body to the FSC, and held a seminar on propelling a transition to make the financial industry more productive on February 9. In his opening remarks, Chairman Lee underscored the importance of pursuing a transition where the flow of finance needs to be directed toward high-tech industries and innovative venture businesses in order to help the Korean economy open the doors to a new chapter of growth. In this regard, Chairman Lee said that the role of finance is critical in shaping and making changes to the structure and development path of various industries. At today's seminar, major research organizations presented their insights and findings on the topic of productive finance, and the FSC plans to take various ideas from today's seminar into consideration when formulating policy measures on productive finance going forward.
FSC Chairman meets with financial consumers to seek practical solutions to consumer needs and challengesFeb 04, 2026

Chairman Lee Eog-weon of the Financial Services Commission held a meeting with a group of financial consumers and officials from related organizations on February 4 to seek practical solutions to the needs and challenges of financial consumers. At the meeting, Chairman Lee outlined some of the key consumer-oriented policy initiatives introduced by the government and pledged to continue to maintain close communication with consumers to help remove inconvenience and bring about practical solutions to their needs. At today's meeting, the issue of bank branch closures and the ensuing inconvenience for consumers were discussed. In this regard, authorities plan to prepare measures to resolve consumer inconvenience resulting from bank branch closures for implementation from March this year.
Vice Chairman presides over ESG finance taskforce meetingFeb 04, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the 6th taskforce meeting on ESG finance with officials from related government ministries, industry groups, and private sector experts on February 4. With the establishment of the 2035 nationally determined contribution (NDC) last November, Vice Chairman Kwon said that it is necessary to prepare a roadmap on ESG disclosures to help resolve uncertainties for businesses. However, considering the need to ensure a sufficient timeframe for preparation, Vice Chairman Kwon said that authorities will seek to ensure a balanced approach regarding the implementation period, etc. The FSC plans to have continuous discussions with related organizations prior to introducing a final version of sustainability disclosure standards at the end of this month.
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.