The Financial Services Commission is taking steps to prevent illegal gambling and private lending to soldiers. The FSC said on Sunday that it will ban unregistered lenders from making general credit loans. This measure aims to protect soldiers from illegal gambling and private lending. The FSC will revise the "Act on Registration of Lenders" to achieve this goal. The new rules will take effect on July 10. The move comes amid growing concerns over the increasing number of soldiers involved in illegal gambling and private lending. In particular, the number of soldiers taking out private loans has been on the rise. The FSC wants to prevent lenders from taking advantage of soldiers. The new regulations will apply to all lenders, including online lenders. The FSC will also strengthen supervision of lenders. It will work with the military to prevent soldiers from getting involved in illegal activities. The goal is to protect soldiers and maintain discipline within the military. The FSC has been working to crack down on illegal lending and gambling. It has been monitoring lenders and taking action against those that break the rules. The new measures are part of a broader effort to protect vulnerable groups. The FSC will continue to work to prevent financial scams and protect consumers.
We haven't written up this one. Hankyoreh has the full story — the link below goes straight to it.
