South Korea’s National Assembly will hold its annual state audit from Oct. 6 to 27, putting financial authorities and lenders under scrutiny. Key issues include household loan growth targets, governance reforms and internal controls following repeated financial incidents. Regulators’ oversight of single-stock leveraged ETFs, Hong Kong H-index ELS penalties and banks’ ETF trust sales fees are also expected to be questioned. Policy banks’ incidents and the progress of reforms at the National Agricultural Cooperative Federation may be reviewed.

Financial companies in South Korea are stepping up social contribution activities ahead of the Chuseok holiday, ranging from purchases to support traditional markets to aid for vulnerable groups and employee-led volunteering. The Financial Supervisory Service joined four firms and the Salvation Army for a market event in Seoul. Major banks and financial groups ran nationwide programs delivering goods and vouchers to welfare facilities, low-income households, seniors living alone, multicultural families and patients.