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Vice Chairman presides over 4th consultative body meeting on productive financeMay 27, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the fourth consultative body meeting on propelling a transition to productive finance with officials from financial companies and experts from the energy sector on May 25. At today's meeting, participants discussed major changes taking place in the energy industry and the role of finance in facilitating the strategic development of key energy megaprojects. In his opening remarks, Vice Chairman Kwon discussed the importance of structural shifts taking place in the energy sector and outlined key financial policy initiatives to expand the supply of climate finance, set clear standards on ESG disclosure requirements, and provide financing support through the National Growth Fund. In addition, Vice Chairman Kwon made a suggestion that financial companies disclose their annual performance on productive finance to the public in every fourth quarter to ensure transparency and boost financial companies' productive finance efforts.
Vice Chairman presides over meeting on cybersecurity risks related to advanced AI modelsMay 25, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over a meeting on cybersecurity risks related to advanced AI models in the financial sector with chief information security officers (CISOs) from major financial companies and AI cybersecurity experts on May 22. At the meeting, officials reviewed cybersecurity threats related to Mythos AI and discussed a set of measures intended to promote the use of AI by financial companies to enable them to more effectively respond to the newly emerging types of cybersecurity threats from advanced AI models and develop more productive and innovative financial services in their attempt to make AI transformation. During the meeting, Vice Chairman said that cybersecurity risks presented by advanced AI models require the financial sector to regularly conduct cyber hygiene practices, since it is not possible to make financial companies entirely immune to these newly emerging types of threats.
FSC Chairman visits local bank to personally sign up for National Growth FundMay 22, 2026

Chairman Lee Eog-weon of the Financial Services Commission visited a local bank to personally sign up for National Growth Fund on May 22. During his visit, Chairman Lee had time to go over the subscription process and check whether there could be any further improvementmade to the subscription process for ordinary consumers. Speaking about the significance of supplying venture capital to future-oriented industries, Chairman Lee said that investmentsmadethrough National Growth Fund will help to propel a revitalization of growth in our economy. At the same time, Chairman Lee urged financial companies to thoroughly adhere to proper sales proceedings to make sure to prevent any room for mis-selling.
FSC Chairman holds meeting on ways to provide financial assistance to shipping companies amid ongoing Middle East conflictMay 21, 2026

Chairman Lee Eog-weon of the Financial Services Commission held a meeting with officials from major shipping companies, policy financial institutions, and insurance businesses on May 21 and discussed ways to provide financial assistance to the shipping industry hit by the conflict situation in the Middle East. At the meeting, officials held talks on mobilizing war risk insurance and other immediate assistance measures to help the shipping companies affected by the Middle East conflict and discussed ways to utilize policy funds in strengthening the competitiveness of the shipping industry on a medium- to long-term.
FSC Chairman holds media briefing to outline 10 important achievements and progress in financial policy implementationMay 21, 2026

Chairman Lee Eog-weon of the Financial Services Commission held a media briefing on May 21 and announced ten key achievements and progress in the implementation of financial policies in the first year of the Lee Jae Myung administration. Over the past year, the FSC has sought to push for a major overhaul in the financial industry to make financial services more productive, more inclusive, and more trustworthy, and has been able to produce notable achievements in the following areas(a) decoupling finance from real estate and redirecting finance to productive sectors, (b) transforming financial services to better support people's livelihoods, and (c) making finance more trustworthy through effective management of market risks.
Vice Chairman presides over preparatory meeting to ensure seamless launch of National Growth Fund offered to ordinary citizensMay 20, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission held a preparatory meeting on May 20 to make sure a seamless launch of National Growth Fund offered to ordinary citizens from May 22. The fund will be offered for sale to ordinary citizens for three weeks from May 22 until June 11. Today's meeting was attended by officials from banks and securities companies where participants reviewed their preparatory work to make sure smooth operations regarding the sale of National Growth Fund to ordinary citizens. At the meeting, Vice Chairman Kwon spoke about the importance of ensuring stability in system operation and preventing any inconvenience for the public. Since the fund is being sold to ordinary citizens, Vice Chairman Kwon asked financial companies to make sure to provide thorough explanations to prevent mis-selling.
FSC Chairman attends private-public joint seminar on National Growth FundMay 18, 2026

Chairman Lee Eog-weon of the Financial Services Commission attended a private-public joint seminar on National Growth Fund held with banks, financial investment businesses, private sector experts, and industry groups on May 18. At today's seminar, participants reviewed key outcomes of the operation of the National Growth Fund in the past five months and discussed ways forward to make sure that it can propel the supply of funds to productive sectors. Prior to the opening of the seminar, the Korea Development Bank (KDB) and three major regional financial holding groups signed a memorandum of understanding (MOU) to enhance mutual cooperation and information sharing to promote a transition to productive finance and foster a regionally well-balanced growth.
Vice Chairman presides over joint consultative body meeting on security tokenMay 15, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the second meeting of the joint consultative body on security token with officials from related organizations, industry groups, and private sector experts on May 15. In his opening remarks, Vice Chairman Kwon spoke about the importance of striking a proper balance between promoting innovation and ensuring accountability in the security token ecosystem. In this regard, Vice Chairman Kwon said that authorities will consider ways to allow the issuance of fractional investment securities through a pooling of identical types of underlying assets. With regard to the circulation of security tokens, Vice Chairman Kwon said that authorities will work to design a market structure that can boost efficiency in transactions, while ensuring fairness in competition and protection for investors.
FSC Chairman meets with young adults and holds talks on youth future savings programMay 14, 2026

Chairman Lee Eog-weon of the Financial Services Commission held a youth talk concert and met with young adults to discuss about key elements and benefits of the youth future savings program on May 14. In his opening remarks, Chairman Lee stressed the importance of providing hope and opportunities to young adults to make sure that they are able to accumulate assets and build their own future. In this regard, Chairman Lee outlined key elements and benefits of the youth future savings program and said that asset formation of young adults should not be treated as a personal financial issue but as a collective problem for the whole society. Thus, Chairman Lee said that the government and the financial sector should play a more active role in investing in the future of young adults.
FSC, OKC and KFTC sign MOU with banks to facilitate overseas Koreans to use digital consular certificate for financial power of attorneyMay 13, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission attended the memorandum of understanding (MOU) signing event between related authorities and eight domestic banks to facilitate overseas Koreans to use digital consular certificate for financial power of attorney on May 13. The FSC, the Overseas Koreans Agency, and the Korea Financial Telecommunications and Clearings Institute signed an agreement with eight domestic banks to set up a digital consular certificate system to be used by overseas Koreans for financial power of attorney. The service is expected to be launched in July this year and overseas Koreans will no longer have to send in via mail paper documents to their proxies in Korea. Speaking about the significance of this service, FSC Vice Chairman Kwon said that this is another area where the financial sector can step up to actively implement social responsibility to meet the government's inclusive policy for overseas Koreans.
FSC Chairman visits Furiosa AI headquarters and holds talks with key AI companiesMay 12, 2026

Chairman Lee Eog-weon of the Financial Services Commission visited Furiosa AI's headquarters and held a meeting with key domestic AI companies on May 12. During his visit, Chairman Lee toured the company's AI chips manufacturing and research facilities and had talks on the significance of AI transformation and ways to make sure that the AI industry and relevant infrastructure development get sufficient financial support. In this regard, Chairman Lee said that the National Growth Fund has already approved KRW2 trillion worth of investments in the AI sector between January and April of this year to ensure a sufficient level of venture capital provision. Moving forward, Chairman Lee said that the government's financial policy will be more closely aligned with industrial policy to facilitate the financing of technologically promising enterprises.
Vice Chairman presides over meeting on e-claim system for private indemtiny health insuranceMay 11, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided overameeting on the e-claim system for private indemnity health insurance with officials from related ministries and industry groups on May 11. At the meeting, Vice Chairman Kwon spoke about the significance of introducing the e-claim system as it has helped to boost the convenience of consumers in the private health insurance claims process. However, since certain EMR (electronic medical record) companies have yet to join the e-claim system, Vice Chairman Kwon said that authorities will continue to work with those EMR companies to encourage their participation and make the e-claim system available from more health care service providers.