Search results for Financial Supervisory Service
Finance
Woori Financial steps up support for youth, middle-to-low credit borrowers with inclusive finance platform launch
Woori Financial Group is expanding financial support for young people and middle-to-low credit borrowers by increasing the supply of policy loans and rolling out new products. It reviewed inclusive finance results and future tasks at a May meeting in Seoul. Woori Bank supplied 218.6 billion won in Saehopeum Holssi loans in the first quarter and provided interest relief and waivers. The group plans to launch a loan-switching product and an inclusive finance platform, while widening regional microfinance support.
Finance
Shinhan Investment publishes responsibilities map guideline to strengthen internal controls
Shinhan Investment Corp has published an internal practical guideline to help embed its responsibilities map and strengthen its internal control system. The company said it distributed the 2026 edition of the Responsibilities Map Guideline on May 18. The manual compiles regulator guidance and practical cases, covering role allocation standards, documentation methods, executive qualifications and governance. It also details internal control committee policies, management duties and procedures for remedies and sanctions.
Fintech
E-money business revenue tops 12 trillion won for first time, prepaid sector stands out
Revenue at South Korea\'s electronic financial businesses topped 12 trillion won for the first time last year as mobile-based digital transactions expanded, the Financial Supervisory Service said. The number of registered firms rose to 241, up 16.4 percent. Prepaid e-payment services posted notable growth, while balances tied to payment gateways fell. The watchdog said industry polarization was deepening and plans to strengthen sound management through new disclosure standards and measures against firms failing guidance criteria.
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Crypto
Dunamu Q1 operating profit 88 billion won, down 78 percent year on year
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AI & Enterprise
Vibe Company adds generative AI to NICE D&B\'s Creport
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Crypto
Global stablecoin push puts pressure on South Korea to move fast on won framework
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Finance
Korea ETF market nears 466 trillion won as asset managers compete more fiercely, internal controls in focus
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Finance
Inclusive finance pressure mounts, raising tensions in South Korean banks
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People
Korea Exchange appoints Han Gu as executive director
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Finance
South Korea tax agency launches special tax probe into Meritz Securities over alleged tax evasion
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Finance
FSC urges securities sector to restore core functions, discusses expanding risk capital supply
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AI & Enterprise
South Korea\'s top three mobile carriers\' R&D spending share led by SKT, followed by KT and LG Uplus
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Finance
Stablecoin race for control spreads, KOSPI nears 7,000
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Finance
Brokerage MTS race heats up as firms push AI and content to overhaul platforms
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Finance
FSS to introduce rules on PG firms reselling virtual accounts, effective July
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Finance
E-payment fees edge down, but price-cutting rivalry still limited
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Finance
FSS, KOFIA launch task force to curb false, exaggerated investment firm ads
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Finance
Banks rush to launch ELD products as regulator keeps watch