Regulatory Alerts2025-03-06 | 84093FSC Vice Chairman Visits Cambodia and Philippines to Promote Cooperation and Support Overseas Expansion of K-Finance
The Financial Services Commission issued a press release detailing Vice Chairman Kim Soyoung's diplomatic mission to Cambodia and the Philippines from March 3 to 7, 2025, aimed at strengthening bilateral financial ties and supporting the overseas expansion of Korean financial institutions. During the trip, the FSC signed memoranda of understanding with the National Bank of Cambodia and the Insurance Regulator of Cambodia to facilitate non-performing loan resolution and insurance sector development, while also engaging with the Asian Development Bank and the Central Bank of the Philippines to discuss regional financial stability and deposit protection reforms. The initiative underscores the regulator's commitment to enhancing supervisory capacity, sharing policy expertise, and improving the operating environment for Korean financial companies in Southeast Asia through sustained high-level dialogue and future international forums.