Ten payment services are required to disclose payment commission rates charged to businesses, including Naver Pay, Kakao Pay and Toss Pay.
January 8, 2023The FSS is set to conduct 779 regular or occasional inspections on financial firms throughout this year.
April 7, 2022On Wednesday, 33 firms started offering MyData services, enabling consumers to centralise management of their data from different institutions.
January 6, 2022The Covid-19 pandemic and a lack of IT engineers are said to be stalling system development and API testing.
July 17, 2021Units of SK Group, Naver and Kakao are the three firms competing to work on a CBDC project which will commence next month.
July 15, 2021With the final approval, Toss Bank will officially launch as early as September, making it the third internet-only bank in the country.
June 10, 2021Toss Bank was awarded a preliminary licence to operate an internet-only bank in December 2019. It plans to launch operations in mid-2021.
February 8, 2021K Bank’s recapitalisation plan was halted last April, forcing Korea’s first internet-only bank to stop offering loan products. It is now looking to regain ground lost to Kakao Bank.
July 23, 2020The FSS is considering conducting reviews of some 40 fintech companies after eight unauthorised transactions were detected on Viva Republica's payments platform Toss.
June 12, 2020Led by mobile money transfer app operator Viva Republica, the Toss Bank consortium expects to commence operations as an internet-only bank during the first six months of 2021.
December 17, 2019