The Korea Fintech Industry Association (hereinafter referred to as the Association) announced that it held an Electronic Finance Business Association seminar on the topic of ‘2025 Key Digital Finance Legal Issues and AML Sanctions Trends’ at the International Finance Office in Yeouido, Seoul on April 28.
This seminar was organized by the Electronic Finance Business Council under the association, and was planned to share major legal and regulatory changes affecting the digital finance industry and trends in anti-money laundering (AML) regulations, and to provide strategic insights that can help the industry proactively respond to policy changes.
The seminar consisted of two presentations. The first keynote speech was given by Attorney Sejin Jeong of Yulchon Law Firm on the topic of ‘Key Legal Issues in Digital Finance in 2025.’ Attorney Jeong touched on key issues that have recently affected the financial industry, such as the use of personal information in an artificial intelligence (AI) environment, regulatory changes related to electronic payment agency (PG) businesses, and the shift in the IT regulatory paradigm, and emphasized that “legal responses are directly linked to corporate sustainability in the rapidly changing digital finance environment.”
In the second presentation that followed, Senior Expert Commissioner Lee Ho-jae of Yulchon gave a presentation on the topic of ‘Recent Trends in AML Sanctions.’ Commissioner Lee introduced changes in international standards for anti-money laundering regulations and recent cases of domestic electronic finance business sanctions, and explained, “As AML regulations become more sophisticated, it has become important to strengthen companies’ internal control systems and establish customer information protection systems.”
The seminar also shared the future operation plan of the Electronic Finance Business Association. Chairman Lee Geun-ju, who is the chairman of the association, announced that he will strengthen practical activities of the association, such as holding regular and emergency association meetings, operating policy forums and advisory meetings, and forming working groups to respond to the National Assembly and financial authorities.
In his opening remarks, the chairman said, “As the Financial Services Commission recently commissioned a research service to improve the electronic payment service system, discussions on advancing the system are in full swing,” and “The council will also actively respond to this trend and strengthen its role as a channel for conveying the voices of the electronic finance industry.”
In addition, he added, “Institutionalization discussions are progressing rapidly in the digital asset sector, and if virtual assets are introduced to the actual payment environment in the future, the role of electronic financial service providers is expected to change,” and “The council plans to actively pursue discussions in preparation for this.”
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