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Banking groups support SMEs

Banking groups support SMEs Updated : 2021-02-16 18:10 Financial Services Commission (FSC) Chairman Eun Sung-soo, third from left, speaks during a meeting with heads of the nation s five largest banking groups at the Korea Federation of Banks headquarters in Seoul, Tuesday. They discussed additional loan maturity extensions for small businesses facing difficulties from the COVID-19 pandemic. From left are NongHyup Financial Group Chairman Son Byung-hwan, Shinhan Financial Group Chairman Cho Yong-byoung, Eun, KB Financial Group Chairman Yoon Jong-kyoo, Hana Financial Group Chairman Kim Jung-tai and Woori Financial Group Chairman Son Tae-seung. Courtesy of FSC

Soult ukpyolsiSouth koreaCho yong byoungKim jung taiYoon jong kyooShinhan financial groupKb financial groupWoori financial groupFinancial services commissionHana financial groupNonghyup financial groupKorea federation of banksChairman eun sung sooKorea federationNonghyup financial group chairman son byung hwanShinhan financial group chairman cho yong byoung

Introducing 40-year mortgages

Elaborate safeguards needed to help young adults own homes easily The financial authorities have unveiled a plan to introduce mortgages with a maturity of 40 years to help young adults more easily buy a home. In a new year business plan announced Tuesday, Financial Services Commission (FSC) Chairman Eun Sung-soo said the loan program will start as a pilot project in the second half of the year for young people, newly-wed couples and first-time home buyers. This program is meant to help young people own homes with their current income, Eun said. Mortgages, a popular tool for purchasing homes in many industrialized countries, enable individuals to own the property free and clear if they repay the loan plus interest over many years, after borrowing money with the house as collateral. Research shows that a person can own a house with a burden similar to monthly rent if they use a mortgage with a maximum term of 40 years. However, elaborate safeguards are essential before introducing

Financial services commissionChairman eun sung sooDebt paymentநிதி சேவைகள் தரகுதலைவர் ஏன் பாடியது சூகடன் கட்டணம்

Korea steps back from resumption of short-selling

Korea steps back from resumption of short-selling

Soult ukpyolsiSouth koreaChung sye kyunDemocratic party of koreaNational assemblyFinancial services commissionChairman eun sung sooGovernment complexServices commissionEun sung sooPrime minister chung sye kyunPark yong jinDemocratic partyShort sellingRetail investorsதெற்கு கொரியா

FSC chairman vows to stably navigate pandemic-stricken market next year

Posted : 2020-12-14 17:14 Updated : 2020-12-14 17:32 Chairman of the Financial Services Commission (FSC) Eun Sung-soo speaks during an online press conference held at the Government Complex in Seoul, Monday. / Courtesy of FSC FSC chief said no.1 priority next year is overcoming COVID-19 By Anna J. Park The chief of the nation s financial regulator vowed to continue to take all necessary measures to stabilize Korea s pandemic-stricken market conditions, stressing the number one priority of the financial authority in the next year will be overcoming the COVID-19 crisis. Speaking at this year s year-end press conference, which was held online due to the pandemic, Financial Services Commission (FSC) Chairman Eun Sung-soo said the financial regulator will swiftly and aggressively respond to the market s changing needs, just as it has throughout the year with a stimulus package program in place worth more than 175 trillion won ($160 billion).

Soult ukpyolsiSouth koreaChairman of the financial services commissionFinancial services commissionEun sung sooGovernment complexChairman eun sung sooதெற்கு கொரியாதலைவர் ஆஃப் தி நிதி சேவைகள் தரகுநிதி சேவைகள் தரகுஏன் பாடியது சூஅரசு சிக்கலானதலைவர் ஏன் பாடியது சூ

S Korea vows more emergency steps over winter wave of virus infections

S Korea vows more emergency steps over winter wave of virus infections
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South koreaFinancial services commissionServices commissionChairman eun sung sooதெற்கு கொரியாநிதி சேவைகள் தரகுசேவைகள் தரகுதலைவர் ஏன் பாடியது சூ

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