Republic of Korea: FSC regulations for payment gateway (PG) services
Progress
Current status
under deliberation
09 Sep 2024 under deliberation
Scope
Implementers
Republic of Korea
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Announced FSC proposal for new regulations for payment gateway (PG) services
On 9 September 2024, the Korean Financial Services Commission (FSC) announced a proposal for new regulations for payment gateway (PG) services aimed at preventing the recurrence of payment delays. The regulations aim to address recent e-commerce pay…
SourceEvent type
order
Action type
announcement
Government branch
executive
Government body
other regulatory body