Question 1

What does Financial Supervisory Service (FSS) regulate?

Accepted Answer

Financial Supervisory Service is the financial regulator in South Korea, established in 1999. It oversees: Banking, Securities, Insurance.

Question 2

Is FSS a tier-1 regulator?

Accepted Answer

FSS is currently a Tier 2 regulator on Brokers Watch. Tier 1 = strict authorization, active enforcement, and meaningful client-fund protection. Tier 3 = light-touch or offshore.

Question 3

Is there a compensation scheme under FSS?

Accepted Answer

We do not have a verified compensation scheme on file for FSS. Absence of a scheme means client funds may not be recovered if a licensed firm becomes insolvent.

Question 4

How many brokers are licensed by FSS?

Accepted Answer

No firms in our directory are currently linked to FSS. Public registers on the regulator's own site will show the authoritative list.

Question 5

Where can I verify a broker's license with FSS?

Accepted Answer

Visit https://www.fss.or.kr and search the official public register. Cross-check the exact entity name and license number — cloned firms often re-use similar-looking names.

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