Financial Supervisory Service

The Financial Supervisory Service (FSS) is the regulatory agency responsible for overseeing South Korea's financial institutions, such as banks, insurance companies, and securities firms. Its role is to ensure these entities operate safely, transparently, and in compliance with laws, protecting consumers' interests and maintaining financial stability. The FSS conducts inspections, enforces regulations, monitors market activities, and facilitates sound financial practices to prevent risky behaviors that could threaten the economy. Essentially, it acts as a watchdog to promote a trustworthy and stable financial system.