Financial Authorities Conduct Training for Employees of Financial Companies Affiliated with Financial Conglomerates Such as Samsung and Hanwha

Enhancing Legal Understanding and Risk Management Capabilities

On the 9th, the Financial Services Commission and the Financial Supervisory Service announced that they have launched the 2024 first half training program for executives and employees of financial companies belonging to financial conglomerates. The target companies include Samsung, Hanwha, Kyobo, Mirae Asset, Hyundai Motor, DB, and Daou Kiwoom.

This training program includes education on regulations as well as practical training on business reports and disclosure preparation, additional risk assessment and risk management status evaluation, and internal control cases, aiming to enhance the understanding of laws and risk management capabilities of executives and employees of financial companies within financial conglomerates.

The curriculum covers ▲ Financial Conglomerate Regulations ▲ Business Report and Disclosure Preparation Practice ▲ Risk Management Systems and Methodologies ▲ Financial Group Stress Testing and Risk Management Systems ▲ Customer Information Management Practice for Financial Conglomerates ▲ Additional Risk Assessment and Risk Management Status Evaluation Practice ▲ Internal Control Cases.

An official from the financial authorities explained, "In this training, a new course on customer information management practice has been newly established to enhance the compliance capabilities of financial conglomerates."

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