The Financial Supervisory Service said on the 6th that starting on the 7th it will apply a pre-consultation system to expedite approvals and registrations in the financial sector.
The scope includes full authorization for investment brokerage business, approval for complete closure of investment brokerage business, approval for investment under the Financial Services and Capital Markets Act, and registrations for general partners, new technology finance business, installment finance business, equipment leasing business, and electronic finance business.
The newly applied pre-consultation system provides a self-check function to review error cases in advance and notifies users of progress via KakaoTalk notification messages. Previously, after pre-consultation ended, applicants had to resubmit documents in hard copy for the main review, but materials submitted online during pre-consultation can now be used in the main review. New registrations and changes to existing registrations for insurance professionals and others can also be applied for online.
The Financial Supervisory Service (FSS) said, "Even after this new system goes live, we will continue improving user convenience by reducing applicants' document submission burdens and expanding the scope of application."