[Korea.net News, Government News, June 27 2008] Gov’t to ease Internet banking rules

Source: Financial Services Commission

Korea plans to ease regulations on Internet services to allow consumers to conduct online banking transactions and choose financial products more easily.

The Financial Services Commission said Thursday (June 26) in a meeting presided over by President Lee Myung-bak with the presidential office's national competitiveness council that it will revise rules and regulations to encourage financial companies to establish Internet banks.