The Korea Financial Telecommunications and Clearings Institute Archives | Be Korea-savvy
Firm Banking Regulation to Be Toughened

Firm Banking Regulation to Be Toughened

SEOUL, June 20 (Korea Bizwire) – The regulation on “firm banking,” the banking method used to pay for mobile phone bills, insurance premiums, or newspaper subscription fees, will be strengthened. This is made possible by an agreement from the user through the Korea Financial Telecommunications and Clearings Institute that takes certain amounts of funds from the user’s [...]