The Financial Supervisory Service will team up with online job platform JobKorea to run a two-week O/X quiz event aimed at preventing job scams, from the 26th through November 8. About 400 winners will be chosen by lottery from among those …
Diagram of the structure involving lenders engaged in illegal operations. /Financial Supervisory Service Oct. 26, 2026. The Fair Economy -- The Financial Supervisory Service (FSS) has built an artificial intelligence (AI)-based analysis sys…
The benchmark interest rate reform, jointly driven by the public and private sectors with the Financial Services Commission, the Bank of Korea, the Financial Supervisory Service, the Korea Securities Depository, and the Korea Federation of …
Fair Trade Commission Chairman Joo Byeong-gi has proposed strengthening investigative powers to impose fines of up to 1% of total sales on companies that refuse to cooperate with investigations. He also expressed the view that the Large-Sca…
The Fair Trade Commission has decided to issue a corrective order (prohibition order) and a fine of 31 million won (about $22,500) to KPIC Corporation, a general holding company that owned shares in a financial company. KPIC held 333,333 sh…
The Ministry of Employment and Labor will use a manual that standardizes experienced inspectors' field expertise into 36 inspection items for the training of newly appointed regional labor inspectors. Trainees will undergo two weeks of theo…
The Ministry of Employment and Labor announced the results of its targeted inspection of Coupang, Coupang Fulfillment Services, and Coupang Logistics Services, uncovering 206 violations of industrial safety and labor standards, referring 61…
The United States sanctioned Panama- and Greece-based law firm Karnakis and Karnakis, along with shipping companies and nine vessels, for supporting the "shadow fleet" that transports Iranian oil. The U.S. Treasury Department announced on O…
The need to protect consumer advance payments has grown as issues have been raised about prepaid installment businesses, such as funeral service companies, investing funds in high-risk assets or providing undue benefits to controlling share…
A U.S. federal court has ordered Meta to pay a $25 billion fine, finding that Facebook deceived consumers about how it protected user data during the Cambridge Analytica scandal. The US District Court for the District of New Mexico issued t…
Real estate-related loans extended by specialized credit finance companies — capital firms and card companies — are set to be tightened. Combined lending for real estate project financing (PF) and loans to the construction and real estate i…
The Public Procurement Service has established "Measures to Eradicate Reckless Bidding in Goods Procurement" to prevent companies without the capacity to fulfill contracts from participating indiscriminately in bidding. The Public Procureme…
Haitai has been fined 937.8 million won by the Financial Services Commission (FSC) for preparing and disclosing financial statements in violation of accounting standards, while four company officials, including the CEO, were fined a combine…
HDFC Bank, India's largest private bank by market capitalization, has launched an internal investigation after finding evidence that two senior executives leaked confidential business strategies and sensitive information with market impact.…
Doi Takashi (54), the operator of the eel specialty restaurant 'Doikatsuman' in Kyoto, Japan, has been arrested on suspicion of selling Chinese eel (freshwater eel) misrepresented as Japanese eel. The Kyoto Prefectural Police's Community Sa…
