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Vice Chairman holds meeting to discuss plans for comprehensive inspection of fraud-prone sectorsJul 02, 2020

Vice Chairman Sohn Byungdoo held a meeting on July 2 to discuss plans to carry out comprehensive inspectionstargetingfraud-prone sectors where consumer losses from illegal activities have been concentrated. The specific targets include private equity funds, peer-to-peer lending, illegal activities by unregistered financial service providers and illegal predatory lending practices vishing. * Please see press release for details.
Vice Chairman holds 10th financial risk assessment meetingJun 30, 2020

Vice Chairman Sohn Byungdoo presided over the 10th financial risk assessment meeting on June 30 to assess the financial market conditions and monitor the progress in implementing the COVID-19 financial support. At the meeting, Vice Chairman Sohnstatedthat banks should continue to make lending available to support the real economy while enhancing capital buffers and loss absorbing capacity to be well prepared for a protracted pandemic situation. * Please see press release for details.
Vice Chairman delivers congratulatory remarks at financial MyData forumJun 29, 2020

Vice Chairman Sohn Byungdoo attended the financial MyData forum and information session on June 29, and delivered congratulatory remarks. During his speech, Vice Chairman Sohn stated thatinorderto ensure seamless operation of MyData businesses, user-centered services, business compatibility and expandability, fair competition based on wide availability of data and personal data protection should be considered.* Pleaseseepressreleasefordetails.
Vice Chairman attends KAMCO's personal debt purchase program launch eventJun 25, 2020

Vice Chairman Sohn Byungdoo attended the launching of the Korea Asset Management Corporation's personal debt purchase program on June 25 and spoke about the importance of inclusive finance. KAMCO and lending institutions signed a memorandum of agreement under which lending institutions may sell non-collateralized delinquent personal debt to KAMCO, which in turn will take over individual debt and help debtorsthrough debt adjustment plans. * Please see press release for details.
FSC Chairman speaks about government's plans for preventing vishing scamsJun 24, 2020

FSC Chairman Eun Sung-soo visited Shinhan Bank's head office on June 24 and spokeaboutthegovernment's plans to prevent vishing scams. During his visit, Chairman Eun said that the government will workondeveloping a comprehensive vishing prevention system, bolstering crackdowns and increasing public awareness through closecooperationbetween the financial, communications and investigative authorities. * Please see press release for details.
FSC Chairman delivers congratulatory remarks at NextRise 2020Jun 23, 2020

FSC Chairman Eun Sung-soo delivered congratulatory remarks at the global start-up conference NextRise 2020 on June 23 in Seoul. At the event, Chairman Eun introduced the government's efforts to promote innovation in financial services and spoke about the importance of building mutual trust between businesses and investors.* Please see press release for details.
Vice Chairman holds 9th financial risk assessment meetingJun 23, 2020

Vice Chairman Sohn Byungdoo presided over the 9th financial risk assessment meeting on June 23 toassess the financial market conditions and monitor the progress in implementing the COVID-19 financial support. During the meeting, Vice Chairman Sohn stressed the importance ofpursuing a balanced approach to support the real economy along with effective measures to help businesses with low credit records. * Please see press release for details.
Vice Chairman Holds Talks on Improving Rules on Accounting and AuditingJun 22, 2020

Vice Chairman Sohn Byungdoo held a meeting on improving rules on accounting and auditing on June 22. While speaking on the importance of maintaining close communication with market players and continuing to pursue reform initiatives, Vice Chairman Sohn unveiled key improvements to the rules in the areas of appointment of SFC designated auditor, standard audit time, audit committee and internal accounting management system.* Pleaseseepressreleasefor details.
Vice Chairman holds briefing on the 7th Meeting of the Central Economic Response HeadquartersJun 19, 2020

Vice Chairman Sohn Byungdoohelda briefing on the results of the 7th Meeting of the Central Economic Response Headquarters on June 19. Atthemeeting, the government decided to introducea KRW2 trillion-plus financial support program for the auto parts industry and to launch Working Capital Support Program to help struggling subcontractors in the key industries. * Please see press release for details.
Vice Chairman holds meeting to review risk factors in financial sectorsJun 18, 2020

Vice Chairman Sohn Byungdoo held a meeting to review market conditions and risk factors in the financial industry on June 18 with experts from the public and private sectors. At the meeting, Vice Chairman Sohn spoke about the recent signs of recovery in the financial markets, the necessity of investor protection with derivatives products and the importance of maintaining financial soundness for securities firms and venture capital firms. * Please see press release for details.
FSC Chairman announces plans to promote crowdfundingJun 16, 2020

FSC Chairman Eun Sung-soo held a meeting with relevant officials from the public and private sectors on June 16 and unveiled the government's plans to promote crowdfunding. At the meeting, Chairman Eun said that the government will work to expand the role of crowdfunding in supporting innovative firms by improving regulations on businesses, investors and intermediaries, while creating an accountable markettofosterinvestment. * Please see press release for details.
Vice Chairman holds 8th financial risk assessment meetingJun 16, 2020

FSC Vice Chairman Sohn Byungdoo held the 8th financial risk assessment meeting on June 16 to check the implementation status of the COVID-19 financial support for businesses and households. During the meeting, Vice Chairman Sohn said that the government will work on providing supports to SMEs and the real economy sectors through a range of financial assistance programs, while ensuring a smooth implementation of temporary deregulatory measures. * Please see press release for details.