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.
Press Releases
NaverBlog
KakaoStory
Copy URL
FSC Announces Designation of Seven Non-holding Financial Groups for 2025 Jul 09, 2025
The Financial Services Commission held the 13 th regular meeting on July 9 and designated seven non-holding financial groups for 2025 pursuant to the Act on the Supervision of Financial Conglomerates (“the Act” hereinafter). The designated entities are Samsung, Hanwha, Mirae Asset, Kyobo, Hyundai Motor, DB and Daou Kiwoom groups.
The designation and supervisory system on non-holding financial groups aims to effectively oversee and manage risk contagion or concentration in financial groups. With the implementation of the Act from June 2021, the FSC has been designating non-holding financial groups every year. The seven selected entities this year satisfied all designation criteria under the Act.
The selected entities will be subject to the following rules.
a) Select a financial business entity representing the entire group after considering the investment relationship, total size of asset, capital, and so on, and report their selection to the Financial Supervisory Service.
b) Periodically inspect and evaluate group-wide risks and prepare and follow their own internal control and risk management policy, and transparently disclose material information needed to ensure consumer protection and report to the authorities.
c) Draw up capital adequacy ratio reflecting risk-weighted capital based on the risk assessment conducted by the financial authorities.
d) The financial authorities will carry out a periodic assessment (every three years) on the risk and risk management status of non-holding financial groups.
It is expected that the designation of non-holding financial groups will help these companies to more effectively monitor and manage group-wide risks on their own.
- Please refer to the attached PDF for details.
PREV
Household Loans, June 2025
NEXT
All KOSPI-listed Firms to be Subject to Mandatory Corporate Governance Disclosure Duty from 2026
List
Related Materials
Jul 10, 2024
FSC Announces Designation of Seven Non-holding Financial Groups for 2024
Jul 05, 2023
FSC Announces Designation of Seven Non-Holding Financial Groups for 2023