Financial Supervisory Service
The Financial Supervisory Service (FSS) is a regulatory agency in South Korea responsible for overseeing the financial sector. Its main duties include ensuring the stability of financial institutions, protecting consumers, and maintaining fair practices in the market. The FSS monitors banks, insurance companies, and securities firms to ensure they comply with laws and regulations.
Established in 2001, the FSS plays a crucial role in promoting transparency and trust in the financial system. It conducts inspections, investigates complaints, and provides guidance to financial entities. By doing so, the FSS aims to foster a safe and sound financial environment for all stakeholders, including consumers and investors.