Under the Electronic Financial Transactions Act, the criteria for imposing each penalty will be strengthened. – Strictly imposed on the basis of “individual criminals”

News Corporate Finance & M&A General Updates

Date: 3rd Sep, 2025 Source: Financial Services Commission Country: South Korea Original Source

Brief

On 03/09/2025, the Financial Services Commission issued an update regarding Under the Electronic Financial Transactions Act, the criteria for imposing each penalty will be strengthened. - Strictly imposed on the basis of “individual criminals”. This change aims to strengthen penalties for financial institutions that fail to meet safety obligations, while also allowing them to take more flexibility in securing their systems.

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Financial Services Commission

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Under the Electronic Financial Transactions Act, the criteria for imposing each penalty will be strengthened. – Strictly imposed on the basis of “individual criminals”

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Under the Electronic Financial Transactions Act, the criteria for imposing each penalty will be strengthened. – Strictly imposed on the basis of “individual criminals”

Brief

Financial Services Commission

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