Korea

FSC is expanding the types of information financial companies can store on cloud computing systems to include personal credit and identification information.

South Korea’s FSC fined the company for an April ‘fat finger’ error, which led to the firm issuing 2.8 billion […]

FSC has developed a new standard for gauging capital adequacy at South Korea's financial conglomerates; The new metric ranks Samsung the highest...

Citibank Korea, BNK Kyongnam Bank and KEB Hana Bank are being investigated by FSS over allegedly manipulating loan rates to overcharge retail...

New guideline requires financial institutions to strengthen monitoring and enhance due diligence on accounts intended for crypto exchange operations and report suspicious...

FSS found thousands of irregularities in lending rate calculations including omission about income or collateral in credit evaluations, resulting in unfairly high lending...

New rules aim to control growth of the $24.7bn industry by requiring greater disclosures for secured lending, notarised mortgages valuations, among other...

South Korean branch of Goldman Sachs International said its naked shorts were the result of an institutional investor reversing a decision to lend...

Legislation introduced to bring cryptocurrency exchanges under the direct supervision of KoFIU, obligating them to adopt AML/CFT directives including systems to monitor...

Charges against current and former bank officials involve hiring misconduct, special favours; 87% of hiring irregularities occurred at either KB Kookmin Bank or KEB...