NH Investment & Securities Co. will immediately suspend or discipline IB staff found leaking non-public information, unveiling strict new internal controls and a zero-tolerance policy to restore trust after a recent insider trading probe.
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NH Investment & Securities to Impose 'Immediate Suspension or Higher' Penalties for IB Staff Leaking Non-Public Information
NH Investment & Securities Co. will immediately suspend or discipline IB staff found leaking non-public information, unveiling strict new internal controls and a zero-tolerance policy to restore trust after a recent insider trading probe.
NH Investment & Securities Bans Former Executives from Trading Domestic Listed Stocks Starting November 6
NH Investment & Securities will ban all former executives from trading domestic listed stocks from November 6, aiming to strengthen internal controls after an insider trading probe.
FSS Governor Lee Chan-jin met with bank CEOs, vowing to make consumer protection the top priority, strengthen internal controls using AI, and promote productive finance by easing regulations and supporting risk capital.
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Bank Regulator Lee Chan-jin Meets Bank CEOs—'Consumer Protection Is an Unwavering Principle—Significantly Strengthened'
FSS Governor Lee Chan-jin met with bank CEOs, vowing to make consumer protection the top priority, strengthen internal controls using AI, and promote productive finance by easing regulations and supporting risk capital.
Hyundai Marine & Fire Insurance has appointed former FSS Insurance Supervision Director Lee Chang-wook as Senior Expert Advisor to enhance internal controls, reflecting a broader industry push for stronger governance under new regulatory frameworks.
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Hyundai Marine & Fire Insurance Hires Former FSS Director Lee Chang-wook as Senior Expert Advisor
Hyundai Marine & Fire Insurance has appointed former FSS Insurance Supervision Director Lee Chang-wook as Senior Expert Advisor to enhance internal controls, reflecting a broader industry push for stronger governance under new regulatory frameworks.
South Korea faces a surge in financial scandals due to weak internal controls, prompting calls for independent forensic audits like those by FRA Korea to enhance corporate transparency and governance, as regulators and major institutions seek stronger oversight and preventive monitoring.
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Surge in Financial Scandals Spurs Calls for Independent Forensic Audits to Boost Corporate Transparency
South Korea faces a surge in financial scandals due to weak internal controls, prompting calls for independent forensic audits like those by FRA Korea to enhance corporate transparency and governance, as regulators and major institutions seek stronger oversight and preventive monitoring.
Korea East-West Power Launches Internal Control Working Committee to Strengthen Governance
Korea East-West Power Co. has established an Internal Control Working Committee to bolster its risk management and governance, advancing its sustainable management and internal control framework.
Shinhan Bank's AI chief highlights the need for a "Goldilocks zone"—balancing control and autonomy—as South Korea's financial sector rapidly adopts agent AI for internal controls and automation, mirroring global trends at firms like Mastercard and Goldman Sachs.
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[AI Hegemony War] Lee Young-soo of Shinhan Bank Says 'Financial Sector AI Needs a Goldilocks Zone Between Control and Autonomy' - Yonhap Infomax
Shinhan Bank's AI chief highlights the need for a "Goldilocks zone"—balancing control and
BC Card Faces 1.6 Billion Won Improper Loan Incident—Employee Raised Own Credit Limit
BC Card Co. reported a 1.6 billion won improper loan incident after an employee raised their own cash advance limit, prompting internal investigations and tighter controls.
Woori Bank Management Evaluation Results Delayed to Second Half - Will FSS Leadership Change Be a Factor?
Woori Bank's management evaluation by FSS delayed to Q3 or later, potentially influenced by upcoming change in FSS leadership and ongoing legal reviews of financial incidents.
Teachers' Pension Fund Ranks First in Board of Audit and Inspection's Self-Audit Evaluation - A Grade for Second Consecutive Year
Teachers' Pension Fund tops Board of Audit's self-audit evaluation, securing A grade for second year amid enhanced internal controls and audit capabilities
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