문재인 대통령이 21일 서울 중구 IBK기업은행 본점에서 열린 혁신금융 비전선포식 참석에 앞서 직원들과 대화를 나누고 있다.

President Moon Jae-in on March 21 chats with bankers at the Seoul headquarters of Industrial Bank of Korea ahead of his announcement on regulatory innovation for internet-only banks.

By Park Gil-ja and Lee Hana
Photos = Cheong Wa Dae

President Moon Jae-in on March 21 announced his vision for innovating the financial sector and fostering new industries at the Seoul headquarters of Industrial Bank of Korea.

“Regulatory innovation for virtual banks is part of the process to allow innovation while firmly abiding by the basic principle of separation between banking and commerce. This will be a new example of innovation in regulatory methodology,” he said.

“Deregulation of virtual banks will lead to innovative growth in the financial sector and new industries, which will again set a new course for Korea’s economic growth.”

Some 110 professionals from startups, publicly listed companies and financial businesses came to hear the president speak, followed by a discussion.

Mentioning innovative projects by global internet heavyweights like Amazon, Facebook and Google, the president announced plans to innovate loan systems to provide KRW 100 trillion to small- and medium-size companies designated as leading innovation.

문재인 대통령이 21일 서울 중구 IBK기업은행 본점에서 열린 혁신금융 비전선포식에서 혁신성장을 뒷받침할 혁신금융 비전을 제시하고 있다.

President Moon Jae-in on March 21 announces plans to implement regulatory innovation for virtual banks at the Seoul headquarters of Industrial Bank of Korea.

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