▲ FSC Chairman Lee Eog-weon speaks during a meeting on support measures for the Middle East crisis-hit sectors in Seoul on April 17, 2026. (Yonhap)

chief regulator-deregulation

Chief regulator vows bold deregulation to enhance financial innovation

SEOUL, April 29 (Yonhap) -- The chief of the country's financial regulator said Wednesday that his agency will take bold steps to help the financial sector further develop innovative services.

In an event to promote fintech services, Lee Eog-weon, chairman of the Financial Services Commission (FSC), said his agency and related parties will provide their support for financial innovation and the fintech industry in selective, vital areas.

"Our support will be centered on artificial intelligence (AI), data and young entrepreneurs," Lee said, adding that unnecessary and outdated regulations will be drastically removed.

The FSC chief also said his agency will actively tackle changes taking place in the financial sector.

(END)

[ⓒ K-VIBE. 무단전재-재배포 금지]