Sector Regulation Sector Regulation

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 the Financial Services

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