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Finance

FSS faces fresh decision on public institution designation

South Korea will decide late this month whether to redesignate the Financial Supervisory Service as a public institution, potentially for the first time in 18 years. The decision comes as debate resurfaces over the watchdog’s independence and stronger public accountability under tighter government oversight. The FSS was designated in 2007 and removed in 2009. The agency argues redesignation could add layers of control and worsen staff departures, while some officials have called for stronger public functions.

Games & Commerce

LCK leaves YouTube, SOOP and Chzzk set for lock-in battle

South Korea’s e-sports streaming market is heading into a new rivalry ahead of the Jan. 14 opening of the 2026 LCK Cup, after YouTube drops out of LCK broadcasts. Riot Games Korea signed exclusive five-year deals through 2030 with Naver’s Chzzk and SOOP, making them the only platforms for Korean-language live streams. Both are rolling out opposing strategies to maximise lock-in through linked content, replay features, AI tools, global league coverage and offline branding.

Crypto

Why digital asset donations are hard; XRP seen surpassing gold and silver

Digital asset donations are increasing, but complex procedures are cited as an obstacle. Since Financial Services Commission guidance took effect in June, only 2 companies and 1 individual have donated digital assets to Community Chest, the only group known to have the needed infrastructure. In Korea’s exchange market, Upbit’s dominance is easing while Bithumb’s share rises. The article also highlights diverging bitcoin and ethereum views and growing focus on XRP price targets.