Passed the State Council of Enforcement Decree of the People’s Finance Act to enhance the financial support of the People’s Finance Promotion Agency

News Financial services Law & Policy Updates

Date: 11th Mar, 2025 Source: Financial Services Commission Country: South Korea Original Source

Brief

On March 11, the Financial Services Commission issued an update regarding "Passed the State Council of Enforcement Decree of the People's Finance Act to enhance the financial support of the People's Finance Promotion Agency". The enforcement decree was amended to increase the common participation rate for banks to 0.06% from 0.035%, and also clarified the legal basis for secondary insurance business and delegated tasks to local governments.

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Financial Services Commission

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Passed the State Council of Enforcement Decree of the People’s Finance Act to enhance the financial support of the People’s Finance Promotion Agency

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Passed the State Council of Enforcement Decree of the People’s Finance Act to enhance the financial support of the People’s Finance Promotion Agency

Brief

Financial Services Commission

Form successfully submitted. One of our GRI rep will contact you shortly

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