The Financial Supervisory Service collaborated with the Korea Financial Investment Association on the 16th to strengthen internal controls and prevent financial accidents and legal violations.
The FSS noted that it held the '2025 asset management companies compliance officer workshop' at the FSS building in Yeouido, Seoul, on that day.
More than 350 people attended the workshop, including FSS officials, Korea Financial Investment Association representatives, compliance officers from asset management companies, and related personnel. The discussions included sharing insights on strengthening internal control expertise and recent issues in the asset management industry.
The FSS urged the asset management industry to ensure accountability structure and to help maintain trust in the financial industry. The accountability structure is a document introduced to clarify the responsibilities for internal controls and risk management in financial companies. The workshop presented the purpose and background of the accountability structure and shared consulting results for companies piloting the system.
Additionally, the FSS shared examples of identified legal violations and incident cases related to changes in the digital environment.
The FSS stated, 'This workshop is a communication platform to share awareness of key issues and vulnerabilities related to asset management, such as IT and information security, and the accountability structure,' adding, 'We will continue to strengthen communication and collaboration through regular workshops in the future.'