Republic of Korea: Opened Consultation on the Amendment of the Enforcement Decree of the Specialized Credit Financial Business Act
Description
Opened Consultation on the Amendment of the Enforcement Decree of the Specialized Credit Financial Business Act
On 4 January 2024, the Financial Services Commission (FSC) of the Republic of Korea opened a consultation on the amendment of the “Enforcement Decree of the Specialized Credit Financial Business Act” until 13 February 2024. The amendment aims to div…
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