2025 New Year's Address
"Market Stability, Livelihood Finance, Digital Innovation Speed"
"'Bonlip Doseong', A Year Marked by Overcoming Crisis"
On the 1st, Kim Byung-hwan, Chairman of the Financial Services Commission, stated in his 2025 New Year's address that "our economy is facing higher uncertainty than ever before," and expressed his determination to prioritize market stability and promote policies such as strengthening financial support for people's livelihoods and digital innovation in response.
In his New Year's address, Chairman Kim expressed concern about the current economic situation, saying, "It is difficult to predict the geopolitical and geoeconomic impacts following the inauguration of the new U.S. administration," and added, "Domestically, downside risks to the economy are increasing amid political uncertainty."
He then emphasized the role of finance, defining it as "both a sensor that detects crises and a fortress that overcomes them." In particular, he stressed, "As long as finance, the heart and lifeblood of our economy, functions properly, we can overcome any risk or crisis."
As the main policy directions for the new year, he presented three pillars: market stability, strengthening financial support for people's livelihoods, and financial innovation. Specifically, he mentioned thorough measures for market stabilization and corporate funding support, expanding policy finance for ordinary citizens, alleviating financial burdens on small business owners in the banking sector, and actively promoting legislation related to capital market value-up and digital infrastructure.
Chairman Kim emphasized, "The most certain way to overcome difficulties in an era of uncertainty is for each person to fulfill their role in their own position," and added, "With the arrival of the year Eulsa, the Financial Services Commission will do its utmost to ensure that our finance beats strongly."
He then quoted the old saying, "'Bonrip Doseong (本立道生)', meaning that when the foundation is properly established, the path opens," and said, "If the government takes the lead and works together with the people, 2025 will be recorded as a year in which our economy and finance overcame yet another crisis."
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