Photo News - Financial Services Commission

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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.
FSC Chairman attends 19th annual anti-money laundering commemoration day eventNov 28, 2025

The Korea Financial Intelligence Unit (KoFIU) held the 19th annual anti-money laundering commemoration day event on November 28. At the event, awards were presented to 7 organizations and 26 individuals who have made contributions to the strengthening of Korea's AML efforts for this year. Chairman Lee Eog-weon of the Financial Services Commission attended the event and delivered a commemorative speech highlighting the importance of boosting AML capacity in transborder crimes and virtual asset transactions. To more effectively cut off the flight of criminal proceeds at the investigation stage, Chairman Lee said that the government will introduce measures to effectively freeze account activities on suspicious accounts. Through close cooperation and coordination with overseas counterparts, Chairman Lee vowed to strengthen international cooperation on transborder cyberscams and illicit transactions. Chairman Lee also said that the government will look into ways to expand the application of the travel rule for external transfers of virtual assets from the current level of KRW1 million and above to the transactions involving less than KRW1 million.
Vice Chairman joins innovative fintechs for K-Fintech 30 Selection CeremonyNov 26, 2025

Vice Chairman Kwon Dae-young of the Financial Services Commission attended the 7th annual Korea Fintech Week held at aT Center in Seoulon November 26and took part in the K-Fintech 30 Selection Ceremony. At the event, 10 promising Korean fintech businesses have been designated to the list of K-Fintech 30 for this year, and the selected fintech firms will become eligible to receive financing and investment related support in the future. At the selection ceremony, Vice Chairman Kwon spoke about various policy plans to provide support for fintech businesses and foster its ecosystem.
FSC Chairman delivers welcoming remarks at 7th annual Korea Fintech WeekNov 26, 2025

Chairman Lee Eog-weon of the Financial Services Commission attended the opening ceremony of the 7th annual Korea Fintech Week and delivered a welcoming speech on November 26. In his speech, Chairman Lee emphasized the need to promote digital innovation through AI transition in the financial industry and laid out plans to (a) promote large scale investments in AI and overhaul the current AI infrastructure in the financial industry, (b) foster conditions and set regulatory grounds to supply capital to fintech businesses, (c) and establish foundations for introducing innovative financial services. In addition, going beyond the simple convergence of AI technology with fintech services, Chairman Lee said that the Korean government will seek bold innovation in digital finance to fully embrace the potential of AI and facilitate the personalization of finance.
FSC Chairman meets with CEOs of specialized credit finance businessesNov 20, 2025

Chairman Lee Eog-weon of the Financial Services Commission met with the CEOs of 15 specialized credit finance businesses on November 20 and held talks on ways to bolster consumer protection and propel a transition toward productive finance. In his opening remarks, Chairman Lee spoke about the importance of ensuring credibility and responsibility for consumer protection and urged specialized credit finance companies to bolster efforts for cybersecurity and data protection. At the meeting, Chairman Lee also asked the participants to pay heed to the overall soundness management such as delinquency rates and look into ways to contribute to the creation of quality jobs for young jobseekers.
Vice Chairman visits local bank branch to inspect operation of on-site open banking and financial MyData service provisionNov 19, 2025

Vice Chairman Kwon Dae-young of the Financial Services Commission visited a local bank branch to inspect the operation and provision of one-site open banking and financial MyData services on November 19. From today, local bank branches will offer face-to-face open banking and financial MyData services to their customers to help to expand inclusive finance and improve consumer convenience especially for digitally vulnerable groups such as the elderly. During his visit, Vice Chairman Kwon spoke about the importance of making sure that advanced technologies and more productive service experience should be made available for all. In this regard, Vice Chairman Kwon asked the banking sector to increase their advertising efforts to more widely promote the availability of these services.
FSC Chairman attends MOU signing and signboard unveiling event for National Growth FundNov 17, 2025

Chairman Lee Eog-weon of the Financial Services Commission attended the signboard unveiling event for the secretariat of National Growth Fund at Korea Development Bankon November 17. At the event, five major financial holding groups and KDB signed a memorandum of understanding (MOU) to facilitate cooperation for boosting investment in high-tech strategic sectors and to promote exchange of personnel and information sharing on the provision of support for high-tech strategic industries. At the event, FSC Chairman Lee delivered opening remarks stressing the importance of pursuing a transition to make the financial industry more productive. In this regard, Chairman Lee said that National Growth Fund will need to serve as a major stepping stone to help boost the potential of the government, businesses, and the public. While asking financial companies to show continued support and participation in the transition drive toward productive finance, Chairman Lee pledged that the government will also continue to look into ways to facilitate investments and participation by financial companies.
Vice Chairman presides over MOU signing for introducing new low-interest loan support programNov 14, 2025

Vice Chairman Kwon Dae-young of the Financial Services Commissionheld the memorandum of understanding (MOU) signing event with related organizations and bankson November 14for introducing a new low-interest loan support program designed to assist debtors already in restructuring with 7-yr or more overdue debts. In his opening remarks, Vice Chairman Kwon spoke about the challenging economic reality and financial burden faced by vulnerable groups since the pandemic and said that the newly launched low-interest loan support program is expected to provide a boon for them to regain footing and step forward financially. While underscoring the importance of active commitments pledged by banks and Seoul Guarantee Insurance, Vice Chairman Kwon urged the financial companies to further strengthen efforts to help enhance financial inclusion. The new lending support made available through the Credit Counseling and Recovery Service (CCRS) will provide low-interest loans to those who have already entered into a debt restructuring process with 7-year or more overdue debts and have been making debt payments accordingly for at least six months.