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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] The Financial Services Commission has strengthened the internal control evaluation weight for conglomerates such as Samsung, Hanwha, and Hyundai Motor Group.
On the 12th, the Financial Services Commission held a regular meeting and decided to increase the weight of internal control in the risk assessment items of financial conglomerates from the previous 20% to 30%.
Financial conglomerates designated by the end of July each year are those with non-financial conglomerates engaging in two or more financial businesses and having total assets of their affiliated financial companies exceeding 5 trillion won. As of last year, Samsung, Hanwha, Kyobo, Mirae Asset, Hyundai Motor, DB, and Daou Kiwoom were designated.
This revision aims to enhance the discriminative power of evaluation items by improving additional risk assessment criteria and the calculation criteria for risk-weighted assets by grade for financial conglomerates.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
