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Vice Chairman delivers congratulatory remarks at investment agreement ceremony for Shinan Ui offshore wind farm projectApr 09, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission attended a memorandum of understanding (MOU) signing ceremony held between related government ministries, financial institutions, and enterprises for cooperation on project finance forthe development of Shinan Ui offshore wind farm in South Jeolla Province. At the event, Vice Chairman Kwon delivered congratulatory remarks where he discussed the importance of making transitions away from fossil fuels and toward renewable energies. In this regard, Vice Chairman Kwon also spoke about the need to secure sufficient power supplyto be able to meet the growing needs from AI data centers to promote a high-tech-driven growth in the economy.
FSC Chairman attends the taskforce meeting on improving the credit rating systemApr 09, 2026

Chairman Lee Eog-weon of the Financial Services Commission attended the third taskforce meeting on upgrading the credit rating system held with officials from credit rating agencies, related financial organizations, and industry groups on April 9. At the meeting, the FSC introduced a plan to launch an AI-based credit rating framework focused on the needs of small businesses and self-employed business owners. Speaking about the planned launch of the Small Business Self-Ownership Credit Bureau (SCB), Chairman Lee underscored the importance of facilitating the supply of finance to small businesses that are equipped with future growth potential through a sweeping overhaul in the structure of financial flows. In this regard, Chairman Lee said that the SCB can serve as the starting point in making a transition toward a more data-driven and future-oriented model of finance.
FSC Chairman holds meeting with petrochemical and refinery businessesApr 07, 2026

Chairman Lee Eog-weon of the Financial Services Commission held a meeting with domestic petrochemical and refinery businesses on April 7 to talk about the challenging situation caused by ongoing conflict in the Middle East and discuss the availability of various assistance programs. Since the business operation of petrochemical and refinery businesses is directly hit by the strained oil supply from the Middle East, Chairman Lee explained that policy financial institutions and major banks have put forward plans to provide financial support in various forms. In this regard, policy financial institutions will provide KRW24.3 trillion worth of new loans to help resolve the liquidity problem of export and import businesses and their suppliers. Along this line, private financial companies have pledged to supply KRW53 trillion-plus in new loans and offer maturity extensions and payment deferments on existing loans to assist the businesses impacted by the ongoing war in the Middle East. Aside from these measures, there is also the P-CBO support program available for SMEs and MMEs and a collective investment scheme plannedto be launched in support for the petrochemical and other key strategic industries.
FSC Chairman delivers congratulatory remarks at MOU signing between Hyundai Motor Group and policy financial institutionsApr 06, 2026

Chairman Lee Eog-weon of the Financial Services Commission attended the memorandum of understanding (MOU) signing event between Hyundai Motor Group and policy financial institutions for mutual cooperation on theSaemangeum investment project on April 6 and delivered congratulatory remarks. In his speech, Chairman Lee discussed the importance oftheSaemangeum investment project as a turning point to build the foundation to push for a new high-tech industrial ecosystem and a shift toward a regional economy-driven growth model. In this regard, Chairman Lee said that maintaining this one-team spirit between private enterprises and policy financial institutions is a key to fostering new growth engines for the future of the Korean economy.
FSC Chairman presides over meeting on household debt managementApr 01, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the meeting on household debt management on April 1 with officials from related government ministries, financial institutions, and industry groups and discussed the government's household debt management plan for 2026. In order to put an end to excessive concentration of money and inflows of leveraged investments in the real estate market, FSC Chairman Lee said that it is critical to push for an effective decoupling of finance from the real estate market. In this regard, Chairman Lee said that the household debt management measures being introduced today will help to foster the conditions in the financial industry to make a great transition toward productive finance.
FSC Chairman presides over meeting on emergency response measures amid ongoing Middle East conflictMar 30, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the meeting on emergency financial support measures with officials from related organizations and financial industry groups on March 30 as the conflict in the Middle East continues to go on for more than four weeks. At the meeting, Chairman Lee outlined the government and the financial industry's efforts to ensure a sufficient supply of financial support for the real economy and ensure financial market stability and risk management. As part of this assistance programs, Chairman Lee said that the supply of policy finance support will be expanded to KRW24.3 trillion, up KRW4 trillion from the previous level, to help the businesses suffering from the fallout of the Middle East conflict. While ensuring a 24-hour monitoring of market situations at home and abroad, Chairman Lee said that the financial authorities will make sure to actively implement the KRW100 trillion-plus market stabilization programs.
Vice Chairman presides over meeting on benchmark rate reformMar 30, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the meeting on benchmark rate reform held on March 30 with officials from related financial authorities and industry groups. At the meeting, Vice Chairman Kwon spoke about the need to more swiftly carry out transitions in benchmark rate reform to ensure market stability and consumer protection. In this regard, the FSC and related authorities unveiled plans to (a) promote KOFR-based transactions in financial markets, (b) remove CD rate as a critical statutory benchmark rate at the end of 2030, (c) reduce KORIBOR-based transactions gradually, and (d) strengthen the management and inspection over COFIX calculation system.
FSC Chairman meets with Kazakhstan's ARDFM ChairpersonMar 27, 2026

Chairman Lee Eog-weon of the Financial Services Commission met with Chairperson Madina Abylkassymova of Kazakhstan's Agency for Regulation and Development of the Financial Market (ARDFM) at his office in Seoul Government Complex on March 27. At the meeting, the two leaders exchanged views on financial market conditions in each country and discussed ways to strengthen financial cooperation and expand business opportunities between the two countries.
FSC Chairman attends MOU signing on comprehensive one-stop support program for small merchantsMar 27, 2026

Chairman Lee Eog-weon of the Financial Services Commission attended the memorandum of understanding signing event for the comprehensive one-stop support program made available for small merchants and vulnerable groups on March 27. At today's MOU signing event, two policy financial institutions for small merchants, the Korea Inclusive Finance Agency, the Credit Counseling and Recovery Service, and the Korea Federation of Banks have newly joined to take part in the provision of the comprehensive one-stop support program for small merchants and vulnerable groups. Their participation in the program will help to more quickly identify those in need of financial support and more proactively offer individually tailored counseling and recovery assistance. While speaking about the importance of providing assistance from the perspective of vulnerable groups, FSC Chairman Lee said that the availability of more tightly interconnected assistance ranging from financial and employment to welfare services is expected to help provide more effective assistance and recovery support to those struggling with difficulties.
Vice Chairman presides over meeting on stamping out voice phishing scamsMar 26, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the meeting on stamping out voice phishing scams with officials from related government authorities and financial industry groups on March 26. At today's meeting, officials discussed ways to more effectively and quickly respond to newly emerging types of scams and agreed to set up a joint anti-phishing consultative body in the financial industry next month. At the meeting, FSC Vice Chairman Kwon spoke about the importance of maintaining close cooperation between the financial and investigation authorities and private financial companies. Since the methods being used in financial scams are evolving rapidly, Vice Chairman Kwon said that the anti-phishing responses employed by the government and financial institutions should also take a more adaptive and meticulous approach.
Vice Chairman speaks about importance of boosting investment support for innovative venture and startup ecosystemMar 26, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission delivered opening remarks at the conference on boosting support for the innovative venture and startup ecosystem held jointly by the FSC and the National Economic Advisory Council on March 26. At the meeting, Vice Chairman Kwon spoke about the significant role of National Growth Fund in propelling the growth of the Korean economy for the next twenty years and laid out specific plans to provide investment support for the innovative venture and startup ecosystem. In this regard, the National Growth Fund will inject direct investment of at least KRW15 trillion and indirect investment of KRW35 trillion through various types of funds. In his closing, Vice Chairman Kwon said that the National Growth Fund will be operated in such ways to make sure that innovative venture businesses are no longer bogged down by financial obstacles or face the problem of being trapped in the so-called valley of death.
FSC Chairman presides over meeting on boosting inclusive finance for young adultsMar 23, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the third meeting on propelling a transition to make financial services more inclusive with officials from related organizations and private sector experts on March 23 and discussed ways to boost microfinance support for young adults. At the meeting, Chairman Lee spoke about the need to increase the provision of microfinance assistance for young adults and other underserved groups. In this regard, the supply of microfinance assistance made available for vulnerable groups through the Korea Inclusive Finance Agency (KINFA) will be increased to KRW600 billion a year from the current level of KRW300 billion a year. Within this amount, the supply of microfinance support intended for young adults will be expanded to up to 50 percent or maximum KRW300 billion a year. In this regard, Chairman Lee said that policy finance support should be considered as more than simply a loan program but a mechanism to boost social solidarity.