Discussion on launching a fourth internet-only bank in South Korea has resurfaced. Participants broadly agree on the need for financial innovation and wider inclusive finance, but concerns remain over soundness and market saturation. Experts said the debate should focus less on whether it is needed and more on how it should be 추진ed. Financial authorities leaned toward conditional caution, saying they must verify both value creation and associated risks, including stable funding and sound management plans.

South Korea\'s Financial Supervisory Service urged internet banks and other financial firms to strengthen IT internal controls and overhaul accident-prevention systems. The regulator told executives to tighten procedures for program changes, including impact analysis, testing and third-party verification, and to bolster controls throughout deployment. It also called for securing electronic finance infrastructure capacity, reviewing emergency response, and enhancing consumer protection measures after system failures while preparing for cyber threats.