Korea’s Broadcast Media and Telecommunications Commission, Broadcast Media and Telecommunications Review Commission and the Financial Supervisory Service signed a memorandum of understanding on June 19 to eradicate illegal financial information and create a safer digital financial environment. The agencies said they will cooperate to expand and strengthen self-regulation by internet platforms, upgrade systems to block illegal financial information and step up public campaigns to prevent harm from illegal private lending. They also plan stronger joint measures against illegal acts by finfluencers.