The proposed rule changes seek to ease the reporting burden faced by financial firms with business operations and investments in overseas markets.
November 5, 2021The taskforce will explore additional measures to manage household debt-related risks and promote more responsible lending practices.
November 2, 2021Citi is asked to submit a detailed plan for how it will protect consumer rights as it exits its retail banking business in Korea.
November 1, 2021Among the companies subject to the probe is Starbucks, which holds customer funds in excess of 180bn won, more than Naver Pay and Toss.
October 30, 2021The revised rules improve investor protection and subject private equity funds to increased monitoring and external audits.
October 23, 2021FSS governor Jeong Eun-bo said regulators will seek to enable fair competition between digital platform providers and financial companies.
October 11, 2021The appeal will follow a court decision to nullify an FSS decision to ban Woori Financial Group chairman Sohn Tae-seung for three years.
September 21, 2021Six industry bodies have filed a joint request asking regulators to grant their boards more autonomy over their internal affairs rather than punishing their executives.
September 16, 2021The FSC and FSS have ordered Kakao and Naver to alter or halt the sale of financial products online and register as brokerages by 24 September.
September 15, 2021KRX says the FSS warning of fines against nine market makers will hamper the functioning of the market making system for a while.
September 13, 2021