Policy Issues

Number Subject Publisher Date
427 FSC Chairman Discusses Six-month Extension of Loan Deferment with Heads of Financial Associations NEW FSC Chairman Eun Sung-soo met with the heads of the five major financial associations and federations on February 22 and held talks on the necessity of a six-month extension of the loan deferment program and ways to facilitate a soft landing of the termination of the temporary support measures. Financial Services Commission 2021.02.22
426 FSC Proposes Additional Rules Change on Virtual Asset Service Providers   The FSC announced a revision proposal for the supervisory regulation on virtual assets on February 17 as the revised Act on Reporting and Using Specified Financial Transaction Information is scheduled to go into effect on March 25, 2021. Financial Services Commission 2021.02.17
425 Household Loans, January 2021   The outstanding balance of household loans in all financial sectors rose KRW10.1 trillion from the previous month at the end of January 2021 (up 8.5 y-o-y). The household loan balance increased KRW7.6 trillion in the banking sector and KRW2.5 trillion in the non-banking sector. Financial Services Commission 2021.02.10
424 Economically Active Population Survey in January 2021   ○ The economically active population marked 27,388 thousand in January, which decreased 564 thousand persons or 2.0 year-on-year. Statistics Korea 2021.02.10
423 FSC Announces Decision on Short-selling Ban   FSC Chairman Eun Sung-soo held a press briefing on February 3 and announced the decision to extend the short-selling ban until May 2, 2021 and to allow a partial resumption of short-selling from May 3 on KOSPI 200 and KOSDAQ 150 stocks.[1] Financial Services Commission 2021.02.03
422 Consumer Price Index in January 2021   □ The Consumer Price Index was 106.47(2015=100) in January 2021. The index increased 0.8 percent from the preceding month and rose 0.6 percent from the same month of the previous year. Statistics Korea 2021.02.02
421 FSC Grants MyData Business Licenses to 28 Firms   The FSC granted MyData business licenses to twenty-eight firms on January 27 as the authorities decided that they all satisfy the requirements set forth by the Credit Information Use and Protection Act. Financial Services Commission 2021.01.27
420 Public-private Joint Investment to Create KRW100 Billion Fund for Semiconductor Industry in 2021   FSC Chairman Eun Sung-soo visited SK Hynix’s Icheon campus on January 19 and delivered congratulatory remarks at a public-private joint investment agreement ceremony held for the mutual cooperation between SK Hynix, the Korea Development Bank, Export-Import Bank of Korea and NH Nonghyup Bank in raising a total of USD3 billion between 2021 and 2025. Financial Services Commission 2021.01.19
419 FSC Grants Preliminary Financial Investment Business License to IMC Trading BV   The FSC decided to grant a preliminary financial investment business license to IMC Trading BV, a Netherlands-based trading firm on January 13. It marks the first approval of a foreign-based trading firm in three and a half years. Financial Services Commission 2021.01.13
418 Economically Active Population Survey in December 2020   ○ The economically active population marked 27,661 thousand in December, which decreased 434 thousand persons or 1.5 year-on-year. Statistics Korea 2021.01.13