Korea Joongang Daily
Korea JoongAng Daily

FSC chief vows financial support packages for firms affected by Middle East crisis

The chief of the country's financial regulator said on Friday that banks and state-run lenders will provide a set of financial support packages to companies affected by the Middle East crisis to ease their financial burdens.

2026-04-19

Bio, display, mobility picked as next focus of public growth fund

The second round of investment by the megasized public growth fund will be mainly focused on the bio, display and mobility sectors, the financial regulator said on Tuesday.

2026-04-14

FSC vice chair sees energy supply volatility as opportunity to diversify sources

At the Korea Economic Forum in central Seoul on Wednesday, Financial Services Commission Vice Chairman Kwon Dae-young highlighted Korea's resilience in the face of global volatility and the government's plan to bolster the local stock market.

2026-03-25

FSC vice chair outlines gov't plan to shift to equity investment, spur regional growth

Korea aims to shift its economic model away from real estate-driven growth toward one centered on equity investment under a more trusted capital market environment, Financial Services Commission Vice Chairman Kwon Dae-young said Wednesday.

2026-03-25

Financial regulators crack down on 'finfluencers' for alleged front-running schemes

Financial authorities have referred several “finfluencers” to prosecutors for alleged front-running schemes, warning investors against blindly following stock tips on social media.

2026-03-23

Korea recovers over 72 percent of Asian financial crisis bailout funds

The government has retrieved over 72 percent of the public funds used to bail out troubled financial firms since the 1997-1998 Asian financial crisis, the financial regulator said Tuesday.

2026-02-24

Financial regulator to keep tighter household loan rules in place in bid to rein in debt

The country's financial regulator said Thursday that it will continue its efforts to rein in household debt this year and help stabilize financial markets, adding it will continue to keep in place tightened rules on household loans.

2026-02-05

Regulator to rev up anti-money laundering fight via law revision, int'l cooperation

The country's financial regulator said Thursday that it will seek to revise related laws to better respond to the growing money laundering activities and closely cooperate with other countries to track and crack down on such moves.

2026-02-05

Authorities scramble to prevent banks from 'deserting' less tech-savvy customers

Authorities are scrambling to counter a so-called desertion by banks as the shift to digital services risks restricting access for less technologically inclined customers.

2026-02-04

Korea to introduce single-stock 2x leveraged ETFs to entice retail investors back to domestic market

Korea will introduce leveraged exchange-traded funds (ETFs) that track twice the performance of a single stock, or 2x leveraged ETFs, the Financial Services Commission (FSC) said on Wednesday.

2026-01-28