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FSC and FSS hold financial market monitoring meetingSep 28, 2022

Vice Chairman Kim So-young held a financial market monitoring meeting on September 28 to assess financial market conditions and discuss response strategies. Amid rising volatility in financial markets at home and abroad, Vice Chairman Kim urged authorities to be prepared for timely implementation of market stabilization measures such as the stock market stabilization fund. In addition, Vice Chairman Kim called for quick purchase of corporate bonds and CPs issued by low-rated companies, utilizing the purchase capacity extended at KDB, IBK and Korea Credit Guarantee Fund through the corporate bond market stabilization measures announced on July 13.
FSC Chairman delivers welcoming remarks at 2022 Korea Fintech WeekSep 28, 2022

FSC Chairman Kim Joo-hyun attended the opening ceremony of the 2022 Korea Fintech Week which is held from September 28 to 30 and delivered opening remarks. During his speech, Chairman Kim spoke about the current economic, financial and regulatory environment surrounding the fintech ecosystem and the government's policy measures to promote fintech industry's development through regulatory reforms. After his speech, Chairman Kim took time to see various exhibition booths showcasing innovative fintech services.
FSC holds talks with early-stage fintech startupsSep 27, 2022

FSC Standing Commissioner Kwon Dae-young met with early-stage small- and medium-sized fintech startups on September 27 and held talks on financial regulatory reforms and areas that need to be improved for innovation in financial services. At the meeting, Standing Commissioner Kwon said that the financial authorities will work to provide support through regulatory improvements, expansion in "innovative financial services" and investment and funding while continuing tomaintain close communicationin the future.
FSC Chairman holds meeting on loan maturity extension and payment deferment programSep 27, 2022

FSC Chairman Kim Joo-hyun held a meeting with relevant authorities and financial institutions on September 27 and discussed plans to extend the availability of loan maturity extension and payment deferment for self-employed business owners and SMEs. At the meeting, Chairman Kim said that the purpose of extending the availability of loan forbearance is to help businesses recover their debt service capabilities in practical terms. For businesses facing difficulties in making debt payments on schedule, Chairman Kim said that the availability of debt adjustment program such as New Start Fund will help ease their debt service burdens.
Vice Chairman holds meeting with relevant institutions to check financial market conditionsSep 23, 2022

Vice Chairman Kim So-young presided over a meeting with relevant institutions to check financial market conditionson September 23. At the meeting, Vice Chairman Kim said that it is necessary to closely monitor risk contagion in marketsamid increased uncertainties surrounding financial markets at home and abroad. At the meeting, authorities also discussed a plan to extend the availabilityof measures intended to mitigate volatility instock markets(initially introduced on July 4, 2022)until the end of December this year.
FSC Chairman delivers congratulatory remarks at KCGS's 20th anniversary commemoration eventSep 22, 2022

FSC Chairman Kim Joo-hyun attended the Korea Institute of Corporate Governance and Sustainability's 20th anniversary commemoration event held on September 22 and delivered congratulatory remarks. During his speech, Chairman Kim said that even though there are concerns about the issue of consistency in ESG disclosure and assessment, ESG policy is an issue that requires close attention throughout to ensure a sustainable growth of the Korean economy. In this regard, Chairman Kim said that he expects the KCGS to grow as a leader and specialist in the ESG sector through intellectual leadership in order to help strengthen ESG management capabilities of domestic companies.
FSC Chairman meets with UK Ambassador Colin CrooksSep 22, 2022

FSC Chairman Kim Joo-hyun met with British Ambassador to the Republic of Korea Colin Crooks on September 22 and held talks on financial market issues at home and abroad. At the meeting, Chairman Kim expressed his condolences for the passing of Queen Elizabeth II and congratulatedthe coronation of King Charles III.
FSC Chairman meets with OECD Director for Financial and Enterprise Affairs Carmine Di NoiaSep 21, 2022

FSC Chairman Kim Joo-hyun met with Director Carmine Di Noia of the OECD's Directorate for Financial and Enterprise Affairs on September 21 and held talks on various issues surrounding financial markets at home and abroad.
Vice Chairman visits Korea Housing Finance Corporation branch to check progress of relief conversion loan application processingSep 19, 2022

Vice Chairman Kim So-young visited a central Seoul branch office of the Korea Housing Finance Corporation on September 19 to check the progress of application processing for relief conversion loans. During his visit, Vice Chairman Kim spoke about the intended goal of the relief conversion loan program which is to help alleviate financing burdens of the working class and non-speculative homebuyers and urged authorities to actively promote the availability of the program to the public in order to ensure that there are no eligible borrowers left out from the support due to lack of information.
Vice Chairman delivers opening remarks at policy seminar for removing "Korea discount" in capital marketsSep 15, 2022

Vice Chairman Kim So-young attended a policy seminar for removing "Korea discount" in capital markets held by the FSC, KRX and KCMI on September 15 and delivered opening remarks. In his speech, Vice Chairman Kim laid out broad aims of the seminar and the need for changing the course on the "Korea discount" factors in order to ensure a sustainable growth in the Korean economy. In this regard, Vice Chairman Kim said that the government will continue to work on policy strategies to restore investor trust in capital markets and seek wide-ranging reforms in regulations while organizing additional policy seminars on other issue areas to helprevitalize the capital markets and sustain innovative growth of the Korean economy.
Vice Chairman holds meeting to review financial sectors' readiness for worker strikeSep 15, 2022

Vice Chairman Kim So-young presided over a meeting with the FSS, major banks and government-sponsored financial institutions on September 15 to check the financial sectors' response plans and preparation ahead of the unionized worker strike scheduled for September 16. At the meeting, authorities urged banks' to check their contingency plans and have their IT business continuity plans ready. The financial authorities will make efforts to minimizeinconvenience for consumersand preventpotentialdisruption in the availability of financial services.
FSC holds financial market monitoring meetingSep 08, 2022

Vice Chairman Kim So-young presided over a financial market monitoring meeting jointly held with the Financial Supervisory Service, Korea Exchange and Korea Center for International Finance on September 8. The meeting discussed global financial market trends, impact of expanded volatility in FX market and foreign currency liquidity situations of domestic financial institutions. Considering the possibility ofdeepening uncertaintiesin financial markets, Vice Chairman Kim said that it is important to thoroughly check domestic financial companies' foreign currency financing and management structure and the conditionofforeign currency lending. Vice Chairman Kim urged a special attention to the foreign currency liquiditysituationof nonbank sectors.