Financial Supervisory Service

[Financial Supervisory Service]

Crackdown on Online Loan Brokerage ⁣Sites Amidst Rise in Illegal Private Lending Damages

⁤ The Financial Supervisory Service and related organizations are ‌taking action against online loan ⁤brokerage sites amidst a surge in ⁢illegal private lending damages reported online.

⁣ A joint inspection of five large online loan brokerage sites registered‍ in Gyeonggi Province will be conducted by the Financial Supervisory Service, ⁣Gyeonggi Province, Gyeonggi Southern Provincial Police‌ Agency, and ⁤Gyeonggi ​Northern Provincial Police Agency, starting ⁤on the 26th.

The‌ inspection will ⁣focus on whether personal information is being sold or leaked without permission, ⁣whether illegal advertising is being carried⁢ out, or whether ⁣false or exaggerated‍ advertising is being carried out through online brokerage sites.
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⁢Cases related to illegal activities‌ reported to ⁣the Illegal Financial Transaction Reporting Center will also be investigated.

⁤ ⁣ ⁤ The Financial Supervisory ⁣Service has announced plans ⁣to take strong measures against companies found to have violated regulations, including imposing fines and suspending business operations, in accordance with relevant laws and regulations.

​ Consumers who suffer from illegal​ private financial damage while using an online ​loan brokerage site are urged to report the incident to the Financial​ Supervisory Service after obtaining ⁢evidence such as the details of the damage.