Svmuu News: On the 18th, the Financial Services Commission of South Korea released a revised version of the “Guidelines on Artificial Intelligence in the Financial Sector,” which will take effect on June 22 for the entire financial industry and FinTech companies. The new guidelines apply to financial companies that have adopted AI, as well as FinTech firms that impact financial transactions, and establish seven key principles: governance, legality, subsidiarity, trustworthiness, financial stability, fiduciary duty, and security. The South Korean government plans to relax cybersecurity regulations regarding network isolation for certain financial institutions, improve the consent system for personal credit information, enhance data anonymization processes, and integrate related rules. It also intends to study liability and authorization rules for AI agents, as well as develop specialized regulatory measures for AI. On June 22, the day the guidelines take effect, the Financial Supervisory Service will simultaneously release a risk management framework for AI in the financial sector, while the Korea Financial Security Institute will issue AI security guidelines for the financial sector. (etnews)