According to the FSS on Monday, it has found that 501 companies of 2,384 companies listed on the stock market experienced a change in their largest shareholders from 2019 to 2021, 45 companies having their largest shareholder change three times.
Financial Supervisory Service (FSS) Governor Lee Bok-hyun continued to warn banks not to get greedy as interest rates rise.
Former prosecutors have gotten big appointments by the administration of President Yoon Suk-yeol, a career prosecutor, and the finance industry is no exception.
President Yoon Suk-yeol named Kim Joo-hyun, chairman of the Credit Finance Association, as the new chief of the Financial Services Commission (FSC) on Tuesday.
Fintech companies will be regulated the same as traditional financial institutions, according to the Financial Supervisory Service (FSS)
The Financial Supervisory Service (FSS) will lean on the Korea Exchange and financial institutions to support fintech companies.
Financial Supervisory Service Governor Jeong Eun-bo said that the institution's focus will be on preventing financial wrongdoings rather than on punishments after the fact.
FSS chief Jeong told the bank chiefs his institution will focus more on proactive and less reactive supervision and asked them to tighten up on loans to households while also serving the needs of the economically vulnerable.
Financial Supervisory Service (FSS) Governor Jeong Eun-bo said his institution will focus on preventing financial disasters rather than handing out penalties after them during his first meeting with heads of major financial groups Wednesday.
The Financial Supervisory Services (FSS) announced Friday that it will appeal a Seoul Administrative Court ruling absolving Woori Financial Group Chairman Son Tae-seung of selling high-risk funds without properly explaining their risks.