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Finance

Financial sector audit clashes over hacking, ETFs as digital asset rules near final stage

South Korea’s parliamentary audit of the Financial Services Commission focused on a string of hacking incidents, single-stock leveraged ETFs and the effectiveness of property loan curbs. Lawmakers raised concerns over inconsistent inspection periods and limited log reviews, while calls grew to ease network separation rules to counter AI-driven threats. Regulators also discussed stablecoin legislation, cross-border tracking of digital asset transfers and preparations for tokenised securities rules, alongside broader fintech and banking industry developments.

Finance

Brokerages ramp up pension platforms as South Korea\'s retirement fund market tops 500 trillion won

South Korea’s retirement pension market has topped 500 trillion won, prompting brokerages to step up competition in pension platforms. Korea Investment & Securities showcased an upgraded mobile pension service and plans to expand support from contributions to payouts. Data show retirement pension reserves rose to 501.4 trillion won at end-2025, with DC and IRP accounts making up 54.3%. Firms including Kiwoom, KB, Shinhan and NH are also enhancing services.

Finance

P2P lenders gain momentum as rules ease; financial CEO appointments gather pace

Korea\'s online investment-linked finance industry is accelerating mid-rate lending to mid-to-low credit borrowers and sole proprietors after regulatory improvements. The Financial Services Commission plans to raise self-funding investment limits and financial-company linked investment caps, and expand limits for general investors. Major financial institutions are also stepping up CEO selection processes, while regulators tighten oversight of bank asset quality, governance and internal controls. Payment and digital-asset businesses widen partnerships and services.