FSC Unveils Network Separation Improvement Roadmap – Expanding the Use of Generative AI and SaaS in the Financial Sector –
On August 13, 2024, the Financial Services Commission (FSC) of Korea announced its 「Financial Sector Network Separation Improvement Roadmap」(the Roadmap). This initiative aims to enhance the competitiveness of the financial industry in the rapidly evolving IT landscape.
Selected 2024 Tax Law Amendment Proposals
On July 25, 2024, the Ministry of Economy and Finance released the 2024 proposed tax law amendment proposals (“Proposals”).