Games & Commerce
FSS to limit flexible savings account openings to three per quarter
South Korea\'s Financial Supervisory Service will tighten procedures for opening and closing flexible savings accounts to prevent online goods-trade fraud that exploits such accounts. The regulator will limit openings at each financial company to a maximum of three per person per quarter, including accounts closed early, while allowing additional openings only through branch visits. Early closures within three business days will also require a branch visit. Some low-risk products will be exempt.
