FSS chief urges foreign financial companies in Korea to support efforts to invigorate local market
Published: 25 Feb. 2026, 12:28
![Lee Chan-jin, governor of the Financial Supervisory Service, speaks at the Korea Federation of Banks in central Seoul on Feb. 12. [NEWS1]](https://koreaseafood.online/data/photo/2026/02/25/cbd9fe02-1579-4c04-bc9f-e9c67e629283.jpg)
Lee Chan-jin, governor of the Financial Supervisory Service, speaks at the Korea Federation of Banks in central Seoul on Feb. 12. [NEWS1]
The chief of Korea's financial watchdog said on Wednesday that foreign financial companies operating in the country are urged to support efforts to vitalize the local financial market.
In a meeting with the heads of 10 foreign financial firms in Korea, Lee Chan-jin, the governor of the Financial Supervisory Service (FSS), said the local stock market is experiencing a historic bull run that has been backed by policy initiatives and the market's potential.
The country's stock index briefly topped the 6,000-point level to set a record high earlier in the day, about one month after reaching the 5,000 threshold.
“Financial authorities are working hard to create an environment for productive finance and implement innovative steps, namely measures for inclusion in the Morgan Stanley Capital International index, to vitalize the capital market,” Lee said.
Last month, the Seoul government announced a comprehensive road map aimed at securing Korea's inclusion in the developed market index, including a plan to operate the country's foreign exchange market on a 24-hour basis.
The plan represents the government's latest effort to address the “Korea discount,” under which local shares trade at valuations below their fundamentals, and to position Korea as an attractive investment destination.
The FSS chief also stressed the need for foreign financial companies to enhance their efforts in consumer protection.
Yonhap
with the Korea JoongAng Daily
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