Korea’s Financial Services Commission is removing barriers between venture incubation programs to strengthen regional support.
The policy aims to provide equal growth opportunities for startups regardless of location, with new funding and streamlined approval.
Implementation began in February 2024, with ongoing regional visits and further plans to be announced in March.
South Korea is reforming personal delinquent debt management to protect borrowers and support financial recovery.
Key changes include enhanced debt adjustment, stricter oversight of debt sales, and improved statute of limitations practices.
The Financial Services Commission announced these measures at the second Inclusive Finance Grand Transition meeting on February 26, 2024.
The Financial Services Commission is revising savings bank regulations to diversify lending beyond real estate.
Key changes include expanding lending to mid-sized companies and small business owners, and updating risk management standards.
The reform plan was discussed on February 23, 2026, with implementation steps underway.
Korea’s Financial Services Commission held the 6th ESG Finance Promotion Group meeting to discuss ESG disclosure institutionalization.
The meeting focused on finalizing sustainability disclosure standards and a roadmap, addressing market uncertainty and stakeholder concerns.
The roadmap is set for announcement by April 2024, with broad public consultation and phased implementation.
The Financial Services Commission held a regular council with financial institutions to drive a major shift toward productive finance.
A five-year support plan totaling 1,240 trillion KRW was discussed, including 614 trillion from private finance and 626 trillion from policy finance.
The government and financial sector aim to boost funding for advanced industries, startups, and regional growth through close cooperation.
On January 20, 2026, the Financial Services Commission held a kickoff meeting for the Credit Evaluation System Reform TF to review current issues and discuss improvement plans.
The TF aims to enhance personal and small business credit evaluation, activate alternative credit assessment, and utilize AI for building key financial infrastructure.
Future plans include sequentially announcing improvement measures for each task and conducting research projects led by private experts.