The Korean Financial Services Commission (FSC) is a government agency in South Korea responsible for overseeing the country's financial sector. Established in 2008, its main role is to ensure the stability and integrity of the financial system, protect consumers, and promote fair competition among financial institutions. The FSC formulates policies related to banking, securities, and insurance, and it supervises financial institutions to ensure compliance with regulations. It also plays a key role in developing financial markets and enhancing the overall efficiency of the financial system in South Korea.