The Financial Services Commission is holding a meeting to review current issues related to the COVID-19 emergency response system at the Government Seoul Office Building on the 4th.

The Financial Services Commission is holding a meeting to review current issues related to the COVID-19 emergency response system at the Government Seoul Office Building on the 4th.

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[Asia Economy Reporter Kim Hyo-jin] The Financial Services Commission announced on the 4th that it held a meeting to review the novel coronavirus infection (COVID-19) and decided to activate an emergency response system to further strengthen its measures.


Although financial support measures were prepared twice last month, small business owners and other beneficiaries at the field level are still experiencing difficulties in accessing financial services.


The FSC plans to strengthen on-site inspections and reinforce personnel at institutions with extensive customer contact by assigning retirees from the Korea Development Bank, Industrial Bank of Korea, and Korea Credit Guarantee Fund to regional credit guarantee foundations, which are currently overburdened.


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They will also review the effectiveness of safe shareholder meeting measures such as postponing financial statement approvals and exercising voting rights remotely, as well as countermeasures against voice phishing (telecommunication financial fraud).


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