The Financial Services Commission (FSC) selected eight outstanding civil servants for proactive administration in the second half and presented them with merit awards. The FSC said on the 16th that it selected outstanding proactive administration cases for the third and fourth quarters and the officials in charge, and presented merit awards through internal and external open calls and evaluations by the Proactive Administration Committee on the 16th.

First, amid accelerating household debt growth and widening increases in real estate prices, "preparing measures to strengthen household debt management" (Deputy Director Nam Jin-ho), which designed loan regulations to minimize the impact on homeless low-income residents and genuine end users, and "building a voice phishing information-sharing and analysis AI platform" (Deputy Director Yoo Eun-ji), which establishes a voice phishing prevention system through artificial intelligence (AI), were selected as outstanding cases.

A view of the Financial Services Commission building./Courtesy of Financial Services Commission

Also highly rated were "launching the 150 trillion won Public Growth Fund to identify Korea's growth engines for the next 20 years" (Deputy Director Kim Ki-tae) and "launching the New Leap Fund, a long-term arrears debt adjustment program to ease the liability burden on low-income and vulnerable groups" (Deputy Director Jang Won-seok).

Four livelihood finance policy cases that the public and corporations can strongly feel received encouragement awards. Selected were "introducing business development companies (BDC) to foster a private capital-centered corporate ecosystem" (Deputy Director Nam Chang-woo), "practical measures to eradicate unfair trading in the capital market," which lays the groundwork for a "one-strike-out" approach to unfair trading in the capital market (Deputy Director Kim Ha-min), "establishing the Youth Future Savings to support asset building for young people" (Deputy Director Kim Hee-jin), and "measures to enhance corporate finance competitiveness in the securities industry" to promote the supply of funds to productive sectors (Deputy Director Jeong Jong-heon).

The Financial Services Commission (FSC) plans to grant bold incentives, including the highest grade of performance bonus, to the award-winning civil servants that day.

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