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…
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 …
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…
The Financial Supervisory Service (FSS) has instructed companies to prepare for K-IFRS No. 1118 (Presentation and Disclosure in Financial Statements), effective January 1, next year, in five stages ranging from impact analysis to the actual…
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…
