Republic of Korea: Closed Public Consultation on the Amendment of the Enforcement Decree of the Specialized Credit Financial Business Act

Description

Closed Public Consultation on the Amendment of the Enforcement Decree of the Specialized Credit Financial Business Act

On 13 February 2024, the Financial Services Commission of the Republic of Korea closed its consultation on the amendment of the "Enforcement Decree of the Specialized Credit Financial Business Act". The amendment aims to diversify the funding method…

Scope

Policy Area
Consumer protection
Policy Instrument
User identification requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body

Complete timeline of this policy change

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2024-01-04
in consultation

On 4 January 2024, the Financial Services Commission (FSC) of the Republic of Korea opened a consul…

2024-02-13
processing consultation

On 13 February 2024, the Financial Services Commission of the Republic of Korea closed its consulta…