FSS chief Lee Chan-jin to meet bank CEOs on the 12th… “Set to hear proposals including entry into new businesses such as virtual assets”

Plan for industry-by-industry “relay roundtables”

Lee Chan-jin, head of South Korea’s Financial Supervisory Service (FSS), will hold a series of relay roundtables with chief executives across financial subsectors. He is expected to reiterate the policy direction of productive finance, inclusive finance, and financial consumer protection to the industry.

According to financial authorities on the 3rd, Lee is set to hold a meeting with bank chiefs on the 12th at the Korea Federation of Banks building in Myeong-dong, Seoul. This will be his second roundtable with bank CEOs. Shortly after taking office in August last year, he held his first meeting with bank chiefs and urged a shift toward productive finance. The banking sector is reportedly planning to propose easing capital regulations and allowing entry into new businesses such as virtual assets.

Starting with the meeting with bank CEOs, Lee plans to sequentially hold relay roundtables by subsector, including insurance, credit cards, savings banks and financial investment. An FSS official said, “Schedules for meetings with subsectors other than banks have not yet been decided.”

Reporter Seo Hyeong-gyo seogyo@hankyung.com