Technology Technology

South Korean fintech firms could face same notification requirements as credit card companies

By Jenny Lee
  • 03 Aug 2022 10:48
  • 03 Aug 2022 10:54
South Korean fintech firms such as Naver Financial, Kakao Pay, Toss, and NHN Payco could soon be subject to the same notification regulations as credit cards, as the financial regulator attempts to boost consumer protection.
An amendment to the Financial Consumer Protection Act's decree recently released for public comment by

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Jenny Lee


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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