Lenders ‘debt cancellations more than 50%’ doubled in 3 years… Bad ‘red light’ loan
Financial Commission logo[사진=금융위원회] The number of borrowers who received a reduction of 50% or more in principal because they failed to repay a loan from a financial institution has almost doubled in three years. From 2020, when the outbreak of COVID-19 began to spread, the ratio of those who had been excluded began to increase […]
[수상한 외환거래] Concerns about bank money laundering pathways … Will the entry into the virtual asset industry be stopped?
Recently, a situation of about 4 trillion won in foreign exchange transactions has been caught by major domestic commercial banks, and concerns are growing that the bank has been used as a channel for money laundering and capital gains by coin speculators. concerns are emerging. Financial authorities are pushing for the resolution of financial regulations, […]
Financial authorities ‘Luna incident’ urgent trend check… Digital Asset Framework Act
As the Korean cryptocurrencies Luna and Terra USD plummeted every day, shaking up the global virtual currency market, the financial authorities launched an urgent trend check. According to the virtual currency industry and related ministries, the Financial Services Commission and the Financial Supervisory Service, which are the departments in charge of virtual assets, launched an […]
‘Revival of Knights’ MG Insurance, “No problem” over concerns about consumer damage and regulatory gap
ⓒ Current affairs focus DB [땡큐뉴스 / 임솔 기자] The designation of insolvent financial institutions issued by the financial authorities to MG Insurance has been suspended. MG Insurance took a breather, but as the financial authorities were unable to request capital expansion for MG Insurance, some are raising concerns that consumer damage may occur due to […]
Candidate Chang-yong Lee for the Bank of Korea governor “Household loans need to be resolved… We will discuss it with the authorities.”
Candidate Chang-yong Lee, governor of the Bank of Korea. source = news “If I become the governor of the Bank of Korea, I will definitely work with the Financial Services Commission and the Financial Supervisory Service to resolve mid-to-long term household debt. The Bank of Korea must give a clear signal and play a role […]
President Moon “so that end-users do not have any disruptions in the deposit and balance loans”… FSC “Flexible response”
President Moon Jae-in speaks at a meeting of chiefs and aides at the Blue House Yeomingwan. Provided by the Blue House On the 14th, President Moon Jae-in instructed the financial authorities to carefully manage the supply of jeonse loans and remaining loans to the end-users of ordinary people at front-line bank branches without any setback. […]
‘Loan refugees’ concern should be cautious about jeonse loan regulations
At the earliest, the FSC’s additional measures for household loans, which will be announced this week, are paying attention to whether the measures to regulate jeonse loans are included. On the afternoon of the 28th of last month, a notice about a chartered loan product was posted on the exterior wall of a commercial bank […]
In the US cryptocurrency market, ‘B’ wins ‘B’
Bithumb reports second cryptocurrency exchange operator after Upbit
Bithumb, a domestic cryptocurrency exchange, submitted a business registration form to the government on the 9th. It is the second largest cryptocurrency exchange. The Financial Intelligence Unit (FIU) of the Financial Services Commission announced on the 9th that Bithumb Korea, the operator of Bithumb, reported a business in accordance with the Specific Financial Transaction Information […]
Household loans ‘halved’ by tightening loans?
A loan information banner hung at the entrance of a bank in Seoul on the 2nd. News 1 As the financial authorities began tightening bank loans in earnest, the increase in household loans at major commercial banks fell by half last month. However, the increase in mortgage loans, which account for about 90% of household […]
