Kim Juhyun, Financial Services Commission Chairman, "Strict Response to Malicious Rumors Causing Market Confusion"

Kim Ju-hyun, Chairman of the Financial Services Commission

Kim Ju-hyun, Chairman of the Financial Services Commission, recently instructed strict measures against malicious rumors causing confusion in the financial market, such as text messages related to savings banks.

At the Financial Services Commission executive meeting on the 14th, Chairman Kim stated, "There have been cases of false information being spread regarding the soundness of domestic financial companies recently," adding, "In a situation where there are global financial market uncertainties, the spread of malicious rumors could cause instability in the financial market and harm the soundness of financial institutions, thereby causing significant damage to the national economy."

He further ordered that if cases arise in the future that cause market confusion without basis, such as false malicious rumors, active responses should be taken in consultation with related agencies including prosecutors and police, including immediate legal action such as filing complaints against those spreading false information.

Additionally, Chairman Kim instructed the Financial Services Commission executives to make special efforts in managing policy messages, noting, "There have been cases where matters still in practical discussion stages were reported as if finalized."

Meanwhile, on the 12th, text messages circulated claiming that OK Savings Bank and Welcome Savings Bank had incurred PF losses amounting to 1 trillion won and urging customers to withdraw all balances. The Korea Federation of Savings Banks has taken legal action against these false claims.

This content was produced with the assistance of AI translation services.