Financial Services Commission Chairman Lee Eog-weon to Attend FSB Plenary, Discuss AI, Stablecoins and Other Issues

Visit Switzerland, Germany and the UK from Nov. 15 to 21
Seek to strengthen banking supervisory cooperation with the ECB
Expand financial networks in Europe... Support Korean financial firms' overseas expansion

Lee Eog-weon, chairman of the Financial Services Commission, will attend a plenary meeting of the Financial Stability Board (FSB) to discuss international cooperation on global financial issues, including artificial intelligence (AI) and stablecoins. He will also strengthen supervisory cooperation with major European financial authorities and support Korean financial companies seeking to expand overseas.

Financial Services Commission Chairman Lee Eokwon speaks at the “All-Financial Sector Meeting on Innovating Security Systems in the AI Era” held at the Financial Security Institute in Yeouido, Seoul, on Nov. 5, 2026. Photo by Kim Hyunmin.

According to the Financial Services Commission on Nov. 15, Lee will visit three European countries—Switzerland, Germany and the United Kingdom—from Nov. 15 through Nov. 21.

At the FSB plenary meeting, Lee will discuss global financial vulnerabilities, key financial issues such as AI and stablecoins, and the FSB's work plan for next year. Member countries are expected to share their policy experiences and explore ways to cooperate internationally in responding to a changing financial environment, including changes driven by AI. Lee will then meet with Frank Elderson, vice chair of the Supervisory Board of the European Central Bank (ECB), and seek to conclude a memorandum of understanding (MOU) to strengthen banking supervisory cooperation between Korea and the European Union (EU).

In London, Lee will work to expand networks with financial authorities, parliament and global financial companies. He will meet John Slinger, a member of the House of Commons and the UK's trade envoy to South Korea, to discuss ways to encourage businesses from both countries to enter each other's markets and strengthen investment ties. He will also exchange views with Bronek Masojada, the new Lord Mayor of the City of London, on ways to invigorate the financial center.

Lee will also visit financial companies to learn about the latest trends and examples of innovation in the global financial industry. He plans to visit major companies in banking, asset management and insurance, including Standard Chartered Group, Amundi and Lloyd's, to examine changes and innovations across each sector.

In Frankfurt, Germany, and London, the United Kingdom, Lee will hold meetings with Korean financial companies operating in each city and hear about challenges related to their business environments and regulations. The Financial Services Commission plans to promptly convey requests raised during the meetings to the relevant overseas authorities and seek solutions.

A Financial Services Commission official said, "Through this trip, Chairman Lee plans to expand Korea's international financial cooperation network into Europe and explore ways to enhance the competitiveness of Korea's financial market through visits to global financial centers. We also expect to expand the overseas operations of Korean financial companies and fintech firms, as well as their participation in global financial markets."

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