Broadcasting Media and Communications Committee, Broadcasting Media Deliberation Committee, and Financial Supervisory Service Join Forces to Eradicate Illegal Online Financial Information

Cooperation Among Regulatory, Deliberation, and Policy Agencies

The Broadcasting Media and Communications Committee is joining forces with related organizations to prevent illegal financial activities taking place online.

Kim Jongcheol, Chairman of the Broadcasting Media and Communications Committee (center), Go Kwangheon, Chairman of the Broadcasting Media and Communications Deliberation Committee (left), and Lee Chanjin, Governor of the Financial Supervisory Service (right), are posing for a commemorative photo at the "Business Agreement Ceremony for Eradicating Illegal Online Financial Information and Creating a Safe Digital Financial Environment" held at the Government Complex Gwacheon on the 19th. BMCC.

On the 19th, the Broadcasting Media and Communications Committee announced that it had signed a "Financial Business Agreement for the Eradication of Illegal Financial Information and the Establishment of a Safe Digital Financial Environment" together with the Broadcasting Media and Communications Deliberation Committee and the Financial Supervisory Service.

The three organizations will support the expansion and strengthening of self-regulation by internet platform companies, and also reinforce the systems to block illegal financial information. They also plan to inform the public about ways to prevent and respond to illegal private financing damage.

Crackdowns on illegal activities by "finfluencers"—individuals who create content such as stock or virtual asset financial information and influence investor decisions by leveraging rising stock prices or market volatility—will also be strengthened.

Kim Jongcheol, Chairman of the Broadcasting Media and Communications Committee, stated, "With this agreement as a starting point, I hope we will establish a system of ongoing communication and collaboration, creating a digital service environment that everyone can trust and use with peace of mind."

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