콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Financial Policy

Print

Direction for improving Korea’s financial consumer protection regulations

Related Document
Frame of Image
  • Direction for improving Korea’s financial consumer protection regulations
  • Choi, Soon Young
  • Korea Capital Market Institute


link
Title Direction for improving Korea’s financial consumer protection regulations
Similar Titles
Material Type Reports
Author(English)

Choi, Soon Young

Publisher

[Seoul]:Korea Capital Market Institute

Date 2014-04
Series Title; No Capital Market Opinion
Pages 5
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Holding KCMI

Abstract

Despite numerous efforts to combat it, disputes in the area of financial consumers continue to unabated. The recent and highly publicized cases of financial accidents, with disproportionate losses by vulnerable segments such as the elderly, have brought to debate the need to reform regulations surrounding Korea’s financial consumer protection. The intrinsic features of financial transactions, information asymmetry and uncertainty, coupled with the slowdown in economic growth and population aging that Korea faces will make the likelihood of financial disputes an increasing problem going into the future. However, discussion of financial consumer protection reform needs to be mindful to take a balanced view. Care needs to be given not to excessively hamper financial market development or to limit the choice of investors.