Photo News - Financial Services Commission

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FSC and MSIT hold joint conference on promoting AI semiconductor industryMar 17, 2026

Chairman Lee Eog-weon of the Financial Services Commission delivered opening remarks at the private-public joint conference on promoting the development of the AI semiconductor industry in Korea on March 17. The conference was jointly organized by the FSC, the Ministry of Science and ICT, and Korea Development Bank with participation by domestic AI semiconductor companies. In his opening remarks, FSC Chairman Lee said that the AI industry requires large-scale investments from an early stage for infrastructure development and the supply of patient capital over a long period for hardware upgrades and market expansion. In this regard, Chairman Lee said that National Growth Fund will supply KRW50 trillion in the AI and semiconductor sector for the next five years to promote the strategic development of cutting-edge industries, help create jobs in related areas, and share the benefit of growth with all.
FSC Chairman attends MOU signing event for insurance businesses and regional governmentsMar 16, 2026

Chairman Lee Eog-weon of the Financial Services Commission attended the memorandum of understanding signing event between insurance businesses and regional governments for facilitating the provision of insurance products and helping to reduce the insurance protection gap for vulnerable groups on March 16. At the event, Chairman Lee spoke about the significance of the agreement signed today between regional governments and insurance businesses as increased cooperation between them is expected to bring about benefits to both with aims to boost efforts for inclusive finance. At today's MOU signing event, the insurance industry also announced plans to supply KRW2 trillion in inclusive finance support for the next five years in the form of free insurance subscription, coverage discounts, and social contribution activities.
FSC Chairman meets with Standard Chartered Group CEO Bill WintersMar 13, 2026

Chairman Lee Eog-weon of the Financial Services Commission met with Standard Chartered Group CEO Bill Winters at his office in Seoul Government Complex on March 13. At the meeting, FSC Chairman Lee and SC CEO Winters exchanged views on the global impact of deepening geopolitical crisis in the Middle East. In this regard, Chairman Lee gave explanations on how the Korean government has been handling and responding to the situation to ensure financial market stability and minimize impact on the economy. With regard to the strong performance seen in Korean stock markets recently, Chairman Lee shared key points of the government's productive finance initiative and asked for continued support from SC Group.
FSC Chairman presides over meeting to review financial market risksMar 11, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over a meeting with officials from the Financial Supervisory Service, research institutions and market experts on March 11 to go over potential risk factors amid growing volatility seen in the domestic financial markets. At the meeting, Chairman Lee instructed officials to conduct stress tests on various scenarios concerning situations in the Middle East to more thoroughly examine the impact and risk on financial markets, financial businesses, and various industries. While speaking about the importance of being rigorously prepared with contingency plans, Chairman Lee also urged officials to ensure investor protections. The FSC will continue to work closely with policy financial institutions to ensure a seamless operation of the KRW100 trillion-plus market stabilization programs and seek to expand the program if deemed necessary.
Vice Chairman presides over consultative body meeting on productive financeMar 10, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the third consultative body meeting on productive finance on March 9 with officials from financial holding groups, insurance businesses, securities companies, and policy financial institutions participating. At the meeting, financial companies outlined their own plans and presented certain progress in making a transition to productive finance and strengthening regional finance efforts to promote more balanced growth across different regions. In this regard, Vice Chairman Kwon spoke about the importance of financial companies making genuine efforts to internalize the rules and systems designed for productive finance to be able to produce tangible outcomes in a nationwide move to push forproductive finance.
FSC Chairman holds meeting on the availability of one-stop assistance for victims of illegal private lendingMar 09, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over a meeting with officials from related organizations to commemorate the official launch of the one-stop assistance program made available for the victims of illegal private lending on March 9. With the availability of this support, debtors falling victims to illegal predatory lending will be able to receive a wide-ranging assistance from related authorities, including suspension of illegal debt collection activities, free legal representation, police investigation, and damage recovery. Each individual calling for assistance will be assigned a case officer from the inclusive finance support center to ensure the provision of available support measures throughout the entire process.
FSC Chairman presides over kick-off meeting of joint consultative body on security tokenMar 04, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the kick-off meeting of the newly launched private-public joint consultative body on security token on March 4. At the meeting, Chairman Lee outlined three key policy directions on security token(a) establishing an innovative digital finance ecosystem equipped with both diversity and scalability, (b) ensuring an investor protection framework tailored to the specific characteristics of security token (blockchain technology), and (c) preparing for future securities payments system, such as on-chain payments. The joint consultative body on security token will be operated on an ongoing basis with four subdivisions(a) technology and infrastructure, (b) issuance, (c) circulation, and (d) payment and settlement. To facilitate the gathering of more wide-ranging opinions, an open pool of private sector experts and advisors will also be operated.
FSC Chairman holds market monitoring meeting over Middle East situationMar 03, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over a meeting with officials from related authorities and organizations on March 3 to review financial market situations amid growing geopolitical uncertainty in the Middle East. At the meeting, Chairman Lee said that the Korean economy and financial markets are equipped with stong fundamentals and that the government has an adequate capacity to deal withcurrent marketsituations. While closely monitoring marketconditions, Chairman Lee emphasized that the government will be ready to employ contingencymarket stabilization measures if it becomes necessary. Additionally, to assist Korean SMEs and MMEs doing business in the affected region, Chairman Lee said that policy financial institutions should promptly make available financial support programs (total KRW13.3 trillion) in the form of loans and interest rate reductions. The FSC and related organizations will operate a market monitoring system around the clock for real-time sharing of information until the situation becomes stabilized.
Vice Chairman visits Ulsan and South Gyeongsang Province and meets with local high-tech enterprisesFeb 27, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission traveled to Ulsan and South Gyeongsang Province to meet with local high-tech enterprises and venture businesses on February 27. In his meeting with local business leaders and government officials, Vice Chairman Kwon discussed the government's plans to make the financial industry more productive and offer more incentives to propel more supply of finance to regional economies. In this regard, Vice Chairman Kwon said that the planned investment by National Growth Fund in the secondary battery industry will help to reinforce its domestic supply chains and propel investments in the regional economy.
Vice Chairman visits Daegu and North Gyeongsang Province and meets with local high-tech enterprisesFeb 26, 2026

Vice Chairman Kwon Dae-young of the Financial Services Commission traveled to Daegu and North Gyeongsang Province to meet with local high-tech enterprises on February 26. In his meeting with local business leaders and government officials, Vice Chairman Kwon explained the key aims of National Growth Fund as facilitating a revitalization of the Korean economy through investment support for future-oriented and high-tech industries. In particular, Vice Chairman Kwon said that more than KRW60 trillion in investments from National Growth Fund will be directed toward regional economies over the next five years and that more than KRW106 trillion in the supply of policy finance support is planned for regional economies.
FSC Chairman presides over 2nd meeting to propel transition to inclusive financeFeb 26, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the second meeting on propelling a transition to inclusive finance with officials from related government ministries and industry groups on February 26. At the meeting, officials discussed measures to protect delinquent debtors and provide assistance to facilitate a quick recovery. In his opening remarks, Chairman Lee spoke about the need to more proactively make available assistance for vulnerable borrowers before the debt becomes delinquent and the borrower faces the need to undergo adebt workout process. In this regard, the FSC put forward plans to encourage private financial companies to offer debt workout programs of their own, strengthen the responsibility of initial lenders for consumer protection, and make improvement to the customary practice of renewing the statute of limitations.
FSC Chairman presides over 4th meeting on propelling transition to productive financeFeb 25, 2026

Chairman Lee Eog-weon of the Financial Services Commission presided over the fourth meeting on propelling a transition to productive finance with officials from related ministries, industries, and organizations on February 25. At today's meeting, officials discussed ways to facilitate a green transformation (K-GX) for businesses and the economy. With the establishment of the 2035 NDC (nationally determined contribution) target last year, FSC Chairman Lee said that the government has been pursuing various measures to propel a green transformation in the Korean economy and society. In this regard, Chairman Lee put forward a roadmap for ESG disclosures and measures to expand the supply of climate finance and establish related information infrastructures to better track carbon reduction and help to facilitate a green transformation of businesses and industries.