Regulatory Reforms and Consumer Protection

added blog Wellness

2026-01-28 15:03:33 -

The South Korean insurance market operates under a robust dual-tier supervisory system led by the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS). Recent regulatory reforms have focused on enhancing consumer protection and transparency in the sale of complex financial products like critical illness insurance. New "Insurance Sales Commission Reforms" have capped...

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