South Korea plans to consolidate facility and customer management subsidiaries scattered across policy finance institutions into function-based entities, under a broader push to reform public-sector functions. Five facility management firms will be merged into a tentatively named Policy Finance FMC, while two customer management firms will be integrated as Policy Finance CS. The government also plans mergers of certain subsidiaries into parent institutions. Separately, it will review criteria for keeping public bodies in the capital region as it prepares a second relocation plan to be finalised in the fourth quarter.

South Korea\'s financial authorities said they prevented 66.36 billion won in losses over nine months by sharing suspected voice phishing information and will also move to eradicate mule accounts. The Financial Services Commission discussed the status of the ASAP AI platform with police, the tax agency, watchdogs, security bodies and major banks. Data sharing via ASAP has expanded to telecom firms and investigative agencies under a revised law.