Assessing the Strengths and Weaknesses of South Korea’s Financial Consumer Protection Act 2021

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Date: 10th Sep, 2023 Source: In-House Country: South Korea

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The South Korea Financial Consumer Protection Act 2021 has been implemented to safeguard consumers in the financial sector. The Act's strengths lie in its enhanced regulatory oversight and comprehensive protection of various financial products and services. However, it has weaknesses, including its failure to address the recent developments in financial technology and its complexity, which may hinder consumer accessibility.

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Assessing the Strengths and Weaknesses of South Korea’s Financial Consumer Protection Act 2021

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