Lee Eok-won, chair of the Financial Services Commission (FSC), directly presided over a Central Incident Command Center meeting during a training exercise that simulated a compound disaster in which a large sinkhole and a distributed denial…
The Financial Services Commission has finalized sanctions against 29 insurance industry workers implicated in insurance fraud, including revocation of registration for 19, a 180-day business suspension for 7, and a 90-day business suspensio…
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…
Financial regulators announced on the 4th that they will conduct an emergency review of the security systems across the entire financial sector in response to the recent chain of cyber intrusion threats. The Financial Services Commission an…
An amendment to the Enforcement Decree of the Act on Corporate Governance of Financial Companies (Governance Structure Act), aimed at setting out matters delegated to presidential decree under the law, passed the Gukmu Hoeui (State Council)…
