The Financial Supervisory Service said on the 18th that it will hold a financial supervision partnership program at The Federation of Korean Industries under the theme "The Next Frontier in Supervision," focusing on financial supervision and the future of financial consumer protection in the digital age.
The program is a customized training that invites employees of supervisory authorities in emerging countries—where there is high demand for Korean financial companies to expand overseas and for mutual cooperation—and has been conducted since 2015.
The Financial Supervisory Service (FSS) plans to share measures to strengthen financial supervision in the digital era and financial consumer protection, including the digitalization of finance and the introduction and use of artificial intelligence.
Next, panelists from the Central Bank of Germany, Japan's Financial Services Agency, and the World Bank will hold a discussion on topics such as the use cases of suptech and artificial intelligence (AI). Participants from financial supervisory authorities in 11 countries—Brunei, Cambodia, India, Indonesia, Kazakhstan, Kyrgyzstan, Mauritius, Mongolia, New Zealand, the Philippines, and Thailand—will also present their own cases.
Major market participants, including KB Kookmin Bank, Toss Insight, and NICE Investors Service, will introduce changes in Korea's financial market, focusing on response strategies and real-world cases in the digital and AI era.