Photo News - Financial Services Commission

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Government unveils plans to create Korean New Deal fundSep 03, 2020

FSC Chairman Eun Sung-soo announced the government's plans for the 'Korean New Deal Fund and Korean New Deal Finance' at a press briefing held virtually on September 3. The 'Korean New Deal fund' aims to (i) provide strong funding support for the New Deal projects, (ii) help channel abundant market liquidity to productive sectors and (iii) make profit sharing from K-New Deal investment projects more widely available to the general public. * Please see press release for details.
Vice Chairman holds 19th financial risk assessment meetingSep 01, 2020

Vice Chairman Sohn Byungdoo presided over the 19th financial risk assessment meeting via teleconference on September 1 to review market conditions and monitor the progress in implementing the COVID-19 financial support. During the meeting, Vice Chairman Sohn highlighted the importance of maintaining effective lending support for businesses and households while strictly implementing the heightened social distancing measures to prevent the spread of COVID-19. Vice Chairman Sohn also touched upon the need to invest in the future and urged financial institutions' active participation in the Korean new deal initiative.* Please see press release for details.
FSC Chairman holds talks with heads of securities firmsAug 27, 2020

FSC Chairman Eun Sung-soo met with the heads of major securities companies on August 27 and held talks on the current market situation, temporary ban on stock short sale, improving rules for retail investors and channeling liquidity to the real economy sectors. At the meeting, Chairman Eun discussed the growing importance of retail investors and their role in the stock markets, and stated that the government will look into ways tocreate an environment where retail investors can have more access to the short sale market. * Please see press release for details.
FSC Chairman delivers congratulatory remarks at a joint job fair held by financial institutionsAug 26, 2020

FSC Chairman Eun Sung-soo delivered congratulatory remarks at a joint job fair event held virtually by major financial institutions on August 26. During his speech, Chairman Eun spoke about the need to boost investment in human capital and promote diversity in the financial sector while stating that digital transformation and the shift to contactless services in finance provide opportunities of creating new jobs for young adults.
Vice Chairman holds 18th financial risk assessment meetingAug 24, 2020

Vice Chairman Sohn Byungdoo presided over the 18th financial risk assessment meeting on August 24 to review market conditions and monitor the progress in implementing the COVID-19 financial support. During the meeting, Vice Chairman Sohn said that the governmentwillremainvigilantandtakepreemptivemeasureswhennecessaryas the recent resurgence of COVID-19 cases heightens uncertainty in financial markets and the real economy. * Please see press release for details.
Vice Chairman holds 17th financial risk assessment meetingAug 19, 2020

Vice Chairman Sohn Byungdoo presided over the 17th financial risk assessment meeting on August 19 to review market conditions and monitor the progress in implementing the COVID-19 financial support programs. During the meeting, Vice Chairman Sohn emphasized the importance of maintaining strong lending support by financial institutions amid a protracted pandemic situation. Vice Chairman said that the government will bolster the provision of financial support through strong coordination and cooperation with the financial sector. * Please see press release for details.
Vice Chairman holds kick-off meeting of green finance task forceAug 13, 2020

Vice Chairman Sohn Byungdoo presided over a kick-off meeting of the green finance task force on August 13. During his remarks, Vice Chairman Sohn said that climate change can threaten the stability of the financial system in many different waysthroughphysicalrisksandtransitionrisksandthat building a sustainable future amid climate change risks requireseffortsforboth adaptation and mitigation.* Pleaseseepressreleasefor details.
FSC Chairman meets with heads of financial associationsAug 12, 2020

FSC Chairman Eun Sung-soo met with heads of financial associations on August 12, and held talks on the progress of the COVID-19 emergency financial support, ways to promote big techs' entrance into the financial services industry while ensuring a framework of fair competition and the role of finance in the government's new deal initiative and the post-pandemic economy. During the talks, Chairman Eun also expressed his gratitude to financial companies making contributions for victims of torrential rains and pledged to maintain close communication in the future. * Please see press release for details.
Vice Chairman holds 16th financial risk assessment meetingAug 11, 2020

Vice Chairman Sohn Byungdoo presided over the 16th financial risk assessment meeting on August 11 to review market conditions and monitor the progress in implementing the COVID-19 financial support. During the meeting, Vice Chairman Sohn spoke about the importance of preventing a further widening of income gap and effectively managing corporate debt in preparation for a post-pandemic era. Vice Chairman Sohn also stated that the government-initiated new deal fund with participation from the private sector is expected to create new investment opportunities. * Please see press release for details.
FSC Chairman delivers congratulatory remarks at Mapo Front 1 opening ceremonyJul 30, 2020

FSC Chairman Eun Sung-soo delivered congratulatory remarks at the opening ceremony of the Mapo Front 1, the government-backed start-up incubating facility on July 30. During his speech, Chairman Eun spoke about the availability of more funding opportunities for innovative start-ups through various government-funded support programs while pledging continuous support to help start-ups to grow in a post-pandemic era. * Please see press release for details.
FSC Chairman meets with heads of state-backed financial institutionsJul 29, 2020

FSC Chairman Eun Sung-soo met with heads of state-backed financial institutions on July 29, and held talks on the essential role of policy banks in facilitating the government's new deal initiative and ensuring a seamless implementation of the COVID-19 emergency support programs. At the meeting, Chairman Eun and the heads of policy banks agreed to closely communicate and exchange opinions to ensure effective policy implementation amid the pandemic-induced crisis and prepare for a post-pandemic era. * Please see press release for details.
Vice Chairman holds 14th financial risk assessment meetingJul 28, 2020

Vice Chairman Sohn Byungdoo held the 14th financial risk assessment meeting on July 28 to review market conditions and monitor the progress in implementing the COVID-19 financial support. During the meeting, Vice Chairman Sohn discussed the government's recovery efforts and financial policy strategies to support the real economy and export sectors, as well as plans to reinstate market regulations that have been eased due to market anxieties. * Please see press release for details.