Photo News - Financial Services Commission

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Chairman Choi briefs on evaluation results of preliminary approval for online-only bank licensesMay 27, 2019

FSC Chairman Choi Jong-ku announced on May 26 that the FSC decided to reject 'Kiwoom Bank' and 'Toss Bank' for preliminary approval for online-only bank licenses.
Vice Chairman congratulates opening of Korea Fintech Week 2019May 23, 2019

FSC Vice Chairman Kim Yongbeom attended an opening ceremony of the Korea Fintech Week 2019 on May 23, and delivered congratulatory remarks.
Chairman Choi delivers keynote speech at Korea Fintech Week 2019May 23, 2019

FSC Chairman Choi Jong-ku delivered a keynote speechat Korea Fintech Week 2019andstatedthat Korea's fintech industry is growing at a rapid pace due to highly developed technology and support from the government.
FSC designates eight additional financial services to be accepted into financial regulatory sandboxMay 16, 2019

FSC announced the designation of eight additional financial services to be accepted into financial regulatory sandbox on May 16.
Secretary General holds meeting on soundness of household and individual business loansMay 15, 2019

FSC Secretary General Sohn Byungdoo convened a meeting on May 15 to monitor the soundness of household and individual business loans. At the meeting, Secretary General Sohn said that more support should be given to financially vulnerable borrowers.
Vice Chairman delievers opening remarks at 2019 Asia Fund Passport ConferenceMay 10, 2019

FSC Vice Chairman Kim Yongbeom attended the 2019 Asia Fund Passport Conference on May 10, co-hosted by the FSC, FSS and Financial Investment Association. During his opening remarks, Vice Chairman Kim said that the Korean government will work to introduce the fund passport system.
Vice Chairman meets with non-banking sector officialsMay 09, 2019

FSC Vice Chairman Kim Yongbeom held a meeting with government representatives and executives from non-banking financial firms on May 9 to ensure effective management of risk factors related to individual and business loans from the non-banking sector.
Chairman Choi discusses measures to lift 'Chinese wall' regulations with financial industry representativesMay 09, 2019

FSC Chairman Choi Jong-ku said that the government will overhaul the so-called 'Chinese wall' regulations that hamper capital market activities during a conference with CEOs from 11 securities firms held on May 9.
Meeting on accounting practice reformApr 17, 2019
Chairman Choi delivers speech at 1st Intellectual Property Finance ForumApr 17, 2019

FSC Chairman Choi Jong-ku delivered congratulatory remarks at the '1st Intellectual Property Finance Forum' held on April 17. During his speech, Chairman Choi said that the government will work to establish an environment in which intellectual properties can be used as an instrument for business fundraising.
Seminar on facilitating open banking systemApr 15, 2019

At a seminar on facilitating open banking system, FSC Chairman Choi Jong-ku said that Korea is now equipped with one of the world's most excellent infrastructure for financial settlement.Withestablishmentoftheopenbankingsystem,all financial companies and banks will be able to provide more convenient financial payment services at a lower cost starting from December this year.
Chairman Choi meets with CEOs of card firms and specialized credit businessesApr 09, 2019

At a meeting with CEOs of card firms and specialized credit businesses on April 9, FSC Chairman Choi Jong-ku said that the government will always listen to the industry and strive to support its development, while stressing the importance of a win-win relationship between card companies and mechants.