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.

South Korea will implement an amended Special Financial Information Act on Aug. 20, expanding screening of digital asset operators to include major shareholders and governance structures. An enforcement decree allows exceptions when violations are minor or punished under vicarious liability rules, easing some uncertainty around Naver Financial and Dunamu’s share-swap plan. Regulators will also tighten requirements on leverage, creditworthiness and internal controls, likely increasing compliance burdens for smaller operators.