The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.
February 1, 2023The "Virtual Currency Tracking System" will be launched as part of a new cloud system that will allow other agencies to leverage prosecutors' investigative and forensics expertise.
January 31, 2023Financial firms should strengthen their internal controls and pre-trade checks to ensure executives and employees are not using "borrowed" accounts for personal trading.
January 29, 2023The FSS says unfair trade practices and market manipulation are occurring in private placements of convertible bonds.
January 26, 2023New guidelines require the use of biometric authentication systems to prevent password sharing among managers and employees.
January 18, 2023At a forum on Monday, FSS governor Lee Bok-hyun also said accounting standards will be established to require companies to disclose their crypto exposures.
January 17, 2023The FSS will develop billing standards and retroactively calculate fees MyData service providers will have to pay in 2024 for their usage in 2023.
January 17, 2023The guidelines reflect IOSCO's recommendations and will be implemented as KOFIA best practice from 1 February 2023.
January 16, 2023The FSS produced the guidance by analysing three years of cases where fraud and embezzlement were detected by external auditors.
January 9, 2023Ten payment services are required to disclose payment commission rates charged to businesses, including Naver Pay, Kakao Pay and Toss Pay.
January 8, 2023