Financial Services Commission
FSC · South Korea · Established 1998
Financial Services Commission (FSC) is the financial regulator of South Korea, established 1998. It caps retail leverage at 1:10, requires negative balance protection and segregated client funds, and compensates clients up to KRW 50,000,000 if a firm fails.
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What this licence gets you
The rules a firm has to follow to keep this licence. A dash means we hold no answer on file, which is not the same as a no.
- Maximum leverage, retail
- 1:10
- Maximum leverage, professional
- 1:50
- Compensation if the firm fails
- KRW 50,000,000
- Negative balance protection
- Required
- Client funds held separately
- Required
- Hedging
- Permitted
- FIFO order closing
- Not mandatory
- Supervision covers
- Banks, securities, insurance, investment funds, forex/CFD brokers, electronic finance, and capital markets
- Body type
- Government (FSC: central policy body; FSS: quasi-independent supervisory authority)
About FSC
The Financial Services Commission (FSC) is South Korea's primary financial policymaker and regulator, establishing rules for the sector and overseeing the Financial Supervisory Service (FSS), which conducts on-site inspections and enforcement. Together, they form an integrated system promoting financial stability, consumer protection, and innovation while aligning with global standards like MiFID. The duo replaced fragmented oversight post-1997 Asian Financial Crisis, supervising a market handling trillions in assets.
No listed broker holds a FSC licence
None of the brokers in our database holds an active licence from this authority. That is a statement about our listings, not about the regulator.