Regulatory Alerts2025-07-09 | 84899FSC Announces Designation of Seven Non-holding Financial Groups for 2025
The Financial Services Commission designated Samsung, Hanwha, Mirae Asset, Kyobo, Hyundai Motor, DB, and Daou Kiwoom as non-holding financial groups for 2025 to mitigate risk contagion. These entities must appoint a representative financial entity, implement group-wide risk management policies, and maintain capital adequacy ratios based on risk assessments. The FSC will conduct periodic risk assessments every three years to ensure effective oversight and consumer protection.
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