On the 25th, the Financial Services Commission announced at its regular meeting that it has newly designated a total of 14 innovative financial services, including Shinhan Investment Corporation's "overseas stock transaction service in fractional units."
Previously, investment brokers were required to open separate accounts for their own stocks and client stocks when facilitating overseas stock transactions. The Financial Services Commission decided to grant an exception to applicants to eliminate the account segregation and transaction obligations when brokering fractional unit overseas stock transactions.
In addition, the newly designated innovative services include SK Telecom and nine other companies' "services utilizing generative artificial intelligence (AI) from internal systems (13 cases)."
The Financial Services Commission also accepted a total of four requests for changes related to previously designated innovative financial services. Specifically, it accepted change and additional applications (two cases each) for Dunamu's "unlisted stock transaction platform" and SSG.com's "package financial product service for shopping platform users."
The commission also accepted applications for two requests to change designations regarding a service from Korea Investment & Securities and one other company that involves adding a generative AI model and expanding the scope of business terminal usage.