The FSC will postpone for one year the requirement for stock companies' consolidated internal accounting control systems to undergo an external audit.
Units of SK Group, Naver and Kakao are the three firms competing to work on a CBDC project which will commence next month.
The granting of new credit information business licences is expected to facilitate the introduction of new models for credit evaluation.
Cryptocurrency exchanges based outside Korea would be required to register with KoFIU if they use the Korean won for settlement.
The FSC has designated five bank holding companies and five banks as D-SIBs. Six conglomerates were designated as non-holding financial groups.
The listing of USD/KRW Futures on the KRX-Eurex link will allow for continuous trading during Asian, European and North American market hours.
Financial firms offering services using AI technologies will be required to have controls in place that ensure fairness to prevent consumer discrimination.
As the 24 September deadline for VASPs to register their businesses approaches, some businesses may close down, presenting risks to customer deposits.
The BOK is concerned that growing financial risks, household debt, and higher inflation could spark a new crisis.
A new fund management company is being set up to take over and manage funds previously operated by Optimus Asset Management.
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