( June 19, 2026, 06:17 GMT | Official Statement) -- MLex Summary: South Korea’s financial regulator has announced revised artificial intelligence guidelines for financial companies, fintech operators and other non-financial businesses whose use of AI may affect financial transactions. The Financial Services Commission said the voluntary framework, which takes effect June 22, sets out seven principles covering governance, legality, use of AI as a support tool, reliability, financial stability, good faith and security, while reflecting recent issues such as AI-related threats and security safeguards linked to network separation. Under the guidelines, companies are expected to establish AI decision-making bodies, dedicated risk-management functions, internal rules, risk-assessment systems, human oversight of final decisions, fairness and bias checks, explainability controls, consumer-protection safeguards and security review mechanisms. The regulator said the guidelines will be accompanied by risk-management and security guidance, as well as a help desk for financial companies.Statements are attached (in Korean)....
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