Regulatory Alerts2024-12-16 | 83624FSC Chairman Calls for Market Stability and Policy Implementation
FSC Chairman Kim Byoung Hwan convened a senior officials' meeting to emphasize continuous efforts for market stability and consistent policy implementation amid the current political situation. The Financial Services Commission directed officials to expedite measures reducing card processing fees for small merchants and coordinate with banks to announce new debt workout programs within the month. Additionally, regulators are tasked with preparing 2025 policy funds and ensuring the prompt passage of pending legislative bills regarding credit business and depositor protection.
Share