FSC meeting with the heads of financial institutions’ overseas branches


Chairman Shin Je-yoon of the Financial Services Commission invited heads of financial institutions’ overseas branches and listened to various opinions on how to support and encourage financial institutions to more actively pioneer overseas market.


Chairman Shin underlined that the financial firms must devise differentiated strategies for the soft landing of their overseas business. He added that the FSC will review the current supervisory system on overseas branches to lift their profitability burdens while ensuring a level playing field with the local financial institutions in the respective countries. Moreover, Chairman Shin committed that the government will further strengthen diplomatic relations with foreign countries to provide more business-friendly environments to the offshore Korean financial firms.


Participants, on the other hand, introduced and shared their own know-hows and overseas business strategies when operating business in foreign countries.



10 figures including the head of Shinhan Bank’s branch in Vietnam, head of Hana Bank’s branch in China, and head of Samsung Securities’ London office joined the event.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s