Search results for Korea Credit Information Services
Finance
Automatic block on financial transactions from day after death report applies across financial sector
Financial transactions in a deceased person’s name will be automatically blocked from the day after a death report is filed, the Ministry of the Interior and Safety and financial authorities said. The system, to be fully launched on Sept. 11, shortens the sharing cycle of death information with financial firms from once a month to once a day. It will cover 4,890 firms across the financial sector.
Finance
One-stop update links name, ID number changes across financial firms
Financial consumers in South Korea who change their name or resident registration number will be able to update their personal information across other financial companies by visiting just one firm they use. The authorities plan to implement the system in the first half of 2027 after building related infrastructure. Under the plan, the Korea Credit Information Services will verify the change and share it with other firms the next day.
Finance
Financial Services Commission launches structural reform drive for inclusive finance, overhauls credit scoring and debt adjustment
South Korea\'s financial authorities will pursue inclusive finance as a system-wide structural reform task rather than a one-off livelihood support measure. The Financial Services Commission said it will take a comprehensive look beyond expanding policy-backed finance for ordinary people, including credit assessment, incentives for financial companies and the debt adjustment system. The commission held an on-site debate in Seoul chaired by FSC Chairman Lee Eok-won (이억원). Participants discussed finance\'s public role and a more inclusive redesign of the financial industry.
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Finance
Household loans jump 9.3 trillion won in a month as regulators trigger emergency management
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Finance
Toss launches dormant deposit recovery service with SDFa
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Finance
Small business loan barriers may ease as lenders weigh growth over credit history
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Finance
Financial Services Commission to inject 790 trillion won into climate finance to back green transition