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Platforms pushing financial products will be regulated as brokers, South Korean watchdogs say

By Jenny Lee
  • 09 Sep 2021 00:00
  • 09 Sep 2021 00:00
South Korean online platforms that promote financial products to users, including those run by tech behemoths Kakao and Naver, will soon face the same regulation as the country’s major banks, regulators have announced.
In a statement published this week (see here), the Financial Services Commission and the Financial Supervisory Service

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Jenny Lee

Correspondent


Jenny joined MLex’s Seoul bureau in 2021 as a correspondent focusing on competition law and data privacy and security. Jenny received a Master’s degree from Northwestern University’s renowned Medill School of Journalism and worked for a number of news organizations in the US, including the Associated Press Television News, McClatchy and Voice of America, where she worked for almost three years in Washington DC. She returned to her native South Korea in 2019 as a reporter for Wired Korea.

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