New Internet-only Bank License Review Criteria and Procedures

News Corporate Finance & M&A Law & Policy Updates

Date: 28th Nov, 2024 Source: Financial Services Commission Country: South Korea Original Source

Brief

On November 28, 2024, the Financial Services Commission issued an update regarding "New Internet-only Bank License Review Criteria and Procedures". The criteria will focus on "sustainability" with a emphasis on innovation and inclusiveness, reviewing the stability of capital, business plan's innovativeness, and potential for achieving social contributions.

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Financial Services Commission

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New Internet-only Bank License Review Criteria and Procedures

Brief

Financial Services Commission

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