| Mobile Web

Search results for Fair Trade Commission

Finance

Audit 2026: Financial holding companies face \'shadow executive\' row; bank rate and security weaknesses also flagged

At a comprehensive parliamentary audit of the financial sector, lawmakers raised issues spanning governance, loan rate-setting, security and consumer protection. They flagged practices in which retired executives stay on as advisers, and concerns over former Financial Supervisory Service officials taking jobs in financial holding companies. Some banks were criticised for raising add-on rates and cutting preferential rates. Low compensation under a voice phishing scheme and vulnerabilities in bank security software were also questioned, along with a lack of long-term fixed-rate mortgages.

Finance

Financial sector hacking spreads, delays gain support for digital asset tax postponement

A string of hacking incidents in South Korea’s financial sector has led to confirmed personal data leaks at savings banks and mutual finance groups, prompting authorities to step up inspections and security requirements. Banks are moving to raise cybersecurity spending and expand fraud prevention systems using AI. Market volatility and a steep stock selloff also drew a policy response. Political debate intensified over postponing digital asset taxation and regulating exchange shareholders.

Games & Commerce

Amazon fees may be pushing up online prices as U.S. authorities also probe

Critics say Amazon’s fee structure and pricing policy are pushing up product prices at other online stores as sellers seek to offset high costs. Data journalist Amanda Shendruk said the system could limit price competition across the broader e-commerce market. She estimated fees could reach $13.76 on a $30 clothing item when using related services. The FTC says the structure makes Fulfillment by Amazon effectively mandatory. California and Japan regulators have also taken action.