Korea's financial regulators are juggling consumer-protection gaps and digital-infrastructure rollouts at the same time. Today we cover four threads: a six-month registration bottleneck pushing borrowers from legal money-lenders into illegal *sa-chae* private loans; a strategic split between Naver Pay (chasing offline merchant data) and Kakao Pay (chasing investment and insurance distribution); the seventh attempt to sell Yebyeol Non-Life Insurance, the bridge insurer formed to wind down MG Non-Life; and the long-delayed Silson24 digital health-insurance-claim system, which may double its provider coverage in June.
Key Stories Covered:
- Illegal Private Lending Surges Despite Crackdowns as Legal Lender Registration Takes Six Months
- Naver Pay Focuses on Offline Payments, Kakao Pay on Financial Services
- KDIC brianne howey Restarts Sale of Yebyeol Non-Life Insurance, Preferred Bidder by July
- Insurance Claim Digitization Push: FSC Targets 90 Percent Coverage This Year
Sources:
- (Seoul Economic Daily — May 12 2026 print edition, Finance section)
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