Photo News - Financial Services Commission

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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.
FSC Chairman attends 8th accounting day commemoration event and confers awards to recipientsOct 31, 2025

Chairman Lee Eog-weon of the Financial Services Commission attended the 8th accounting day commemoration event held on October 31 and conferred awards to those who have made contributions to the improvement of accounting transparency in Korea. In his speech, Chairman Leestressed the importance of enhancing transparency and reliability in accounting practices and asked all participants to make concerted efforts to seek further improvements in the accounting sector.
FSC Chairman attends startup open innovation award ceremonyOct 31, 2025

Chairman Lee Eog-weon of the Financial Services Commission attended the startup open innovation award ceremony on October 31 and conferred awards to those who have demonstrated outstanding services incollaboration with financial institutions. The FSC has been continuously providing support to promote the startup and venture industry in order to propel a transition toward productive finance. Going forward, the FSC will continue to make active efforts in laying foundations and providing opportunities to promote cooperation between financial companies and startups.
FSC Chairman inspects launching of new insurance service enabling life insurance policyholders to convert death benefits into lifetime accessOct 30, 2025

Chairman Lee Eog-weon of the Financial Services Commission visited a local insurer's customer service center on October 30 to check the operation of the newly launched insurance service through which life insurance policyholders can convert death benefits into lifetime access in retirement. During the visit, Chairman Lee observed the application process and service simulation side-by-side with an actual customer on-site to check any issue or point of inconvenience from a customer's perspective and see whether there needs to be any further explanation about the program given to the customer. Since this service is being newly introduced for the very first time, Chairman Lee urged life insurers to make sure that their customers are provided with necessary information and adequate explanations.
FSC Chairman meets with financial investment businesses and holds talks on transition to productive financeOct 30, 2025

Chairman Lee Eog-weon of the Financial Services Commission met with a group of CEOs in the financial investment business sector on October 30 and held talks on ways to facilitate a transition toward productive finance. At the meeting, Chairman Lee spoke about the importance of boosting the supply of venture capital to facilitate a structural shift taking place in the Korean economy. To this end, Chairman Lee pledged to lay ground and bolster regulatory support to enable securities businesses to more actively provide venture capital to innovative businesses. With regard to the private equity fund sector, Chairman Lee vowed to strengthen foundations to foster "a culture of responsible investment" and seek regulatory improvements to make relevant rules more consistent with global standards.
FSC Chairman meets with Citigroup Chair and CEO Jane FraserOct 30, 2025

Chairman Lee Eog-weon of the Financial Services Commission met with Citigroup Chair of the Board and CEO Jane Fraser at his office in Seoul Government Complex on October 30. During the meeting, Chairman Lee talked about the Korean government's ongoing efforts to promote productive finance and push for a major transition through which heavily concentrated funds in the housing market currently can flow into capital markets, thereby facilitating businesses in various growth stages to raise funds more easily. In this regard, Chairman Lee asked for Citigroup's support in enhancing corporate financing activities for innovative companies in Korea and pledged to maintain close communication going forward.
FSC Chairman attends Anti-phising Sharing and Analysis Platform (ASAP) launching eventOct 29, 2025

Chairman Lee Eog-weon of the Financial Services Commission attended the Anti-phising Sharing and Analysis Platform (ASAP) launching event with officials from related authorities and organizations, financial industry groups, and private sector experts on October 29. At todays meeting, FSC Chairman Lee Eog-weon spoke about the importance and urgency of boosting the anti-vishing capability and responsibility of financial companies. In this regard, Chairman Lee said that the government will make continuous efforts to provide policy support to make sure that financial companies are equipped with the necessary AI tools and infrastructure to effectively counter vishing scams. In the process, Chairman Lee pledged to maintain close communication and cooperation with related authorities and industry groups.
FSC Chairman oversees disaster response and safety management drill in financial sectorOct 28, 2025

Chairman Lee Eog-weon of the Financial Services Commission presided over this year's disaster response and safety management drill in the financial sector on October 28. The FSC is mandated to oversee response measures and procedures in the event of any disasters or accidents taking place in the financial sector, which may have the potential to cause major disruption in national core infrastructures. This year's disaster response and safety management drill took place under the scenario of a fire erupting at the Korea Securities Computing Corporation (KOSCOM) causing a disruption in IT system operation and potentially leading to panic selling. Under this scenario, Chairman Lee convened a central disaster response meeting to review response strategies and action plans. At the meeting, participants also checked each institution's preparedness and discussed measures for improvement under the scenario. At the meeting, Chairman Lee stressed the importance of being thoroughly prepared for disaster situations and urged all participating organizationsto step up efforts to strengthen their own disaster response and prevention capabilities.
FSC Chairman delivers congratulatory remarks at 10th annual finance day commemoration eventOct 28, 2025

Chairman Lee Eog-weon of the Financial Services Commission attended this year's finance day commemoration event on October 28 and delivered congratulatory remarks. The publicly designated day intended to raise the awareness on finance and confer awards to those who have made contributions to the financial industry marks its tenth year this year. In his speech, Chairman Lee spoke about the significance and growing role of finance in people's everyday lives and outlined the government's policy plans to make financial services more reliable, productive, and inclusive. In this regard, Chairman Lee said that the financial sector needs to grow as a platform where financial companies, businesses, and individuals can prosper together and create social values.
FSC Chairman meets with IDB President Ilan GoldfajnOct 24, 2025

Chairman Lee Eog-weon of the Financial Services Commission held a meeting with Ilan Goldfajn, President of the Inter-American Development Bank at his office in Seoul Government Complex on October 24. At the meeting, the two leaders discussed ways to strengthen financial cooperation between the two organizations and between Korea and Latin America and the Caribbeanin the areas of digital finance, green and sustainable finance, and the use of artificial intelligence in the financial sector.