문재인 대통령 "인터넷전문은행에 은산분리 규제완화 이루어 져야"<br /><br /> Deregulation of the country's financial sector was the focal point during a meeting between the nation's president, government officials and bankers. <br />Trying some of the latest Internet-only bank services himself,… the South Korean leader pressed the need to allow related businesses to prosper through fair competition within the market.<br />Shin Se-min has our top story. <br /> For the second time, President Moon Jae-in took a first-hand look into ways to deregulate -- this time,... in the country's financial industry.<br />In keeping with his promise to cut red tape,... the President called for steps to deregulate in the financial sector and eliminate barriers for new businesses such as Internet-only banks.<br /><br /> "Regulations can both increase and hurt the value of new industries. I have repeatedly stressed the importance of speed and timing to regulatory reform for innovative growth."<br /><br /> Speaking to government officials including the head of the country's financial watchdog,... the President said the country could become a leader of the so-called Fourth Industrial Revolution if innovation takes place in time. <br /> He also called for an expansion of investment in financial technology, or fintech.<br />The country's two Internet-only banks got only one-and-a-half billion U.S. dollars of direct investment in their first year as of July.<br /><br /> "Innovation and IT companies should be able to maximize investment in technology for Internet-only banks. This should be done with caution, though, and in a way that keeps financial firms from making oligopolistic profits without having to face competition."<br /><br /> He added that envigorating the country's Internet-only banks will promote fair competition and innovation within the financial sector,... suggesting the government get rid of unnecessary rules.<br /><br /> "The President insisted that this will help other sectors as well,... and urged lawmakers in parliament to also work on deregulation... by supporting such growth through legislation. <br />Shin Se-min, Arirang News. "<br />
