Tag: financial services commission

financial services commission

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Personal pension savings jump nearly 11 percent in 2025

Personal pension savings rose 10.8 percent in 2025 to 198 trillion won last year as older adults increasingly opened accounts amid increased interest in postretirement life and a stock market rally.

2026.6.18

An image depicting voice phishing [JOONGANG ILBO]

FSC ramps up efforts to combat online phishing through improved coordination, new AI platform

The country's financial regulator said Thursday that regular, systematic cooperation among related government agencies will take place to better detect and crack down on new types of online phishing crimes.

2026.5.28

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The Financial Services Commission plaque is seen at the government complex in Jongno District, central Seoul on Sept. 7, 2025. [YONHAP]

Five banking groups unveil plan to provide 1 trillion won in startup support

Hana Financial Group and four other banking groups will provide 1 trillion won ($680 million) worth of financial support for startups as part of their efforts to boost productive finance and help invigorate the venture industry.

2026.4.30

Gov't approves single-stock ETFs on domestic market with Samsung, SK hynix products likely soon

The government will allow single-stock exchange-traded funds (ETFs) tied to individual companies — such as Samsung Electronics and SK hynix — on the domestic market, aiming to draw back investor demand that has been flowing overseas.

2026.4.21

Clockwise from left: Mexican Ambassador Carlos Penafiel, LG Vice President Kim Gyeong-whan, SK SUPEX Council Vice President Do Hoon, Hanwha Aerospace Head of Communications Lee Jin-myung, Polish Ambassador Bartosz Wisniewski, Malaysian Ambassador Mohd Zamruni Khalid, Korea JoongAng Daily Executive Editor Choi Ji-young and Italian Ambassador Emilia Gatto attend the 20th Korea Economic Forum held at the Westin Josun Hotel in Jung District, central Seoul, on March 25. [PARK SANG-MOON] [PARK SANG-MOON]

FSC vice chair's speech offers envoys, executives 'better view' of Lee's economic vision

Ambassadors from various countries came away impressed by the keynote speech delivered by Financial Services Commission (FSC) Vice Chairman Kwon Dae-young at the 20th Korea Economic Forum at the Westin Josun Hotel in central Seoul on Wednesday.

2026.3.25

President Lee Jae Myung, center, speaks during a public-private roundtable to review measures to reform and stabilize capital markets at the Blue House in central Seoul on March 18. The roundtable included business executives, investors, experts and government officials. [JOINT PRESS CORPS]

FSC chief lays out plan to ban double listings, eradicate price manipulation

Financial Services Commission Chairman Lee Eog-won stressed on Wednesday that the government will eradicate stock price manipulation and ban double listings to create a capital market structure in which innovative companies can grow.

2026.3.18

The headquarters of the Financial Services Commission in the government complex in Jongno District, central Seoul [NEWS1]

Financial watchdog hits 6 firms with $2.7M in fines for illegal short selling

Korea’s financial watchdog has imposed nearly 4 billion won in fines on six local and foreign financial firms for illegal short selling, the largest single batch of penalties since the practice resumed last year.

2026.1.19

Insurers to face toughened capital base requirement from 2027

The country's financial regulator said on Tuesday that local insurers will have to maintain an enhanced capital ratio requirement starting in 2027, a move to beef up their capital quality.

2026.1.13

Financial Services Commission Chairman Lee Eok-won speaks during the launch ceremony for the anti-voice phishing AI platform at the Financial Security Institute in Yongin, Gyeonggi on Oct. 29. [NEWS1]

FSC launches AI-powered anti-phishing platform

More than 130 financial institutions in Korea will begin sharing data on accounts tied to voice phishing in real time through a new AI-powered platform, aiming to block fraudulent transfers before victims’ money disappears.

2025.10.29

The headquarters of the Financial Services Commission inside the government complex in Jongno District, central Seoul [NEWS1]

4 applicants fail to win preliminary approvals for new internet-only banks

The financial regulator said Wednesday that it has decided not to give preliminary approvals of new internet-only banks to four applicants due to their weak capital base.

2025.9.17