Legitimate borrowers with not be turned down for joense loans, according to Financial Services Commission Chairman Koh Seung-beom.
The Financial Service Commission (FSC) on Friday announced that 18 investors including financial companies, private equity fund and overseas investors have applied for the acquisition of Woori Financial Group.
The Financial Services Commission (FSC) will tighten household lending through next year, FSC chairman Koh Seung-beom said on Tuesday during a meeting with heads of financial regulators. It will focus on loans from banks and private lenders ...
Sept. 24, 2021 will be remembered by some local cryptocurrency fans as doomsday as some 30 exchanges were forced to close and another two dozen became the walking dead with a big chunk of their business now forbidden.
Finance Minister Hong Nam-ki will hold a four-party meeting next week with the governor of the central bank and two chiefs of financial regulatory authorities to discuss household debt and other economic issues, officials said Thursday.
The Financial Services Commission (FSC) announced Friday night that Dunamu, operator of cryptocurrency exchange Upbit, is the first virtual asset service provider to complete registration with the government.
The government and ruling Democratic Party on Wednesday decided to extend the suspension of debt repayments for another six months to ease the burden on small shop owners.
Total bank loans to households continued to rise in August, although the rate of increase has fallen compared to previous months as the government pushed banks to reduce lending.
FSC Chairman Koh Seung-beom and FSS Governor Jeong Eun-bo pose for a photo after a meeting on Thursday, their first meeting since the two took office.
The transfer of Samsung Life Insurance shares from the estate of late Samsung Group Chairman Lee Kun-hee’s was approved by the Financial Services Commission, it was announced Tuesday.