Government to Fully Support AX in Finance... 'AI Guidelines' to Take Effect on the 22nd

New AX Regulatory Framework Introduced
"Final Decision-Making Responsibility Lies with Employees, Not AI"

The government has established a new regulatory framework to accelerate the transition to artificial intelligence (AX) in the financial sector and has revised the "AI Guidelines for the Financial Sector," which contain seven key principles for the use of artificial intelligence (AI) in finance. The revised guidelines will take effect on June 22, 2026.

On June 18, Kwon Daeyoung, Vice Chairman of the Financial Services Commission, announced these measures at the "AX in Finance On-site Discussion," which was attended by representatives from financial holding companies, credit card companies, electronic financial firms, relevant institutions, and research organizations.

This discussion was organized to share domestic and international trends and future challenges related to the adoption of AI agents and other AX transformations within the financial sector, and to discuss the direction that the government and the financial industry should pursue going forward.

Vice Chairman Kwon stated, "Financial institutions must go beyond merely supporting AI innovation—they must lead it directly. The AI expertise accumulated within the financial sector will form the foundation for understanding and supporting not only the financial industry but also the broader real economy." He further emphasized, "As AX advances in the financial sector and raises added value, the benefits—such as lower costs, faster reviews, and more personalized services—will be passed on to both the public and businesses."

Vice Chairman Kwon outlined three major tasks for building a financial system suitable for the AI era: establishing new regulatory and supervisory frameworks tailored to AI autonomy and learning capabilities; setting clear standards for responsible innovation and ensuring international alignment; and managing new risks arising from the spread of AI.

To achieve these goals, the government plans to urgently relax security-related network separation regulations currently applied to some financial companies, and to revise regulations regarding the consent system for the use of personal credit information and the pseudonymization of data, both of which currently constrain AI learning. Additionally, the government will establish standards for AI behavior and, considering the possibility that AI agents may eventually handle everything from product recommendations to sign-ups and payments, will review regulatory frameworks covering industry classification as well as the scope of AI responsibilities and authorities.

Furthermore, to protect consumers from issues of AI reliability and accountability, the government will introduce dedicated supervisory measures for the use of AI, and, once regulatory improvements are finalized, will gradually verify these changes through sandbox testing.

The revised AI Guidelines for the Financial Sector, which take effect on June 22, 2026, encompass seven core principles: governance, legality, auxiliary role, reliability, financial stability, good faith, and security. In particular, the guidelines define AI as an auxiliary tool to support work activities, while stipulating that final decision-making and the accompanying responsibility must remain with employees and executives.

In the second half of the year, the Financial Services Commission plans to review institutional improvement tasks for promoting AX in the financial sector, risk management measures associated with AI adoption, and operational plans for pilot projects involving AI agents, all through a dedicated task force (TF).

This content was produced with the assistance of AI translation services.