The South Korea Financial Services Commission has set out measures requiring annual publication of financial companies’ dormant asset refunds and balances, alongside stronger internal controls for preventing and reducing such assets. The framework covers banks, securities firms, insurers, savings banks and mutual finance providers, seeking to increase repayments of dormant assets, which totaled about KRW 1.5 trillion at the end of 2025. Industry associations and central organizations will publish each company’s annual refund amount and year-end balances for dormant deposits, insurance claims and securities, as well as balances of long-inactive assets, by the end of March each year. Mutual finance data will be disclosed on an aggregate basis across cooperatives. Financial companies will also be expected to set their own management targets, conduct refund promotion activities and report performance to their financial consumer protection internal control committees. Industry associations plan to amend their financial consumer protection model standards and establish the necessary disclosure systems by the end of 2026. Data covering 2026 will be published from 2027.
2026-09-28South Korea Financial Services Commission
South Korea's Financial Services Commission strengthens oversight of KRW 1.5 trillion in dormant assets with annual disclosures from 2027
The South Korea Financial Services Commission will introduce annual disclosures of company-level dormant asset refunds and balances from 2027, covering financial sectors including banking, securities and insurance. Firms will also be expected to set management targets, promote repayments and report results through their consumer protection internal control structures.