Korea Institute of Finance

Financial Research Brief

26-07 May 9, 2026

The Institutional Framework on Digital Assets: Policy Direction and Key Priorities

The February 2026 amendments to the Electronic Securities Act and the Capital Markets Act have provided legal grounds for the use of distributed ledger technology in the electronic registration and management of equity and other securities, as well as for the multi-party trading of non-traditional securities, such as investment contracts. The amendments represent a significant step forward for the future digital asset market, as they have enshrined in law the legal validity of blockchain-based d...

Financial Review Jeong Doo Lee

The Effects of Dividend Policy: Current Debates and Their Implications

Policy Issue in Focus Taiki Lee

The Impact of Monetary Policy on Housing Prices Across Regions

Policy Issue in Focus Min Chang

Leveraging the Intermediate Holding Company Framework to Enhance the Competitiveness of Domestic Banking Groups

Policy Issue in Focus Woojin Kim

FSC Drives Public-Private Partnership for Startup Investment, May 2026 (FSC)

Policy Issue in Focus KIF

Enhancing Financial Consumer Protection via Debt Resolution Framework in Cambodia

The study analyzes policy measures to strengthen financial consumer protection in Cambodia by enhancing the debt resolution framework amid rising household indebtedness and increasing potential risks to financial system stability. Through a comparative analysis of international practices?including Thailand, Brazil, Malaysia, and Korea’s Credit Counseling and Recovery Service (CCRS)?the study confirms that debt restructuring, counseling services, and coordinated inter-agency mechanisms constit...

20260513 Sreyleak MON, Seok Min Yeom

Managing Rising Non-Performing Loans in Cambodia: Comparative Lessons from Korea's NPL Resolution Framework

This study examines the recent increase in non-performing loans (NPLs) in Cambodia and, through a comparative analysis with Korea’s NPL resolution framework, comprehensively assesses the feasibility of establishing a public asset management company (AMC) and the associated institutional gaps. The findings indicate that Cambodia’s current level of NPLs remains broadly manageable, and the banking sector continues to maintain sound capital adequacy and liquidity buffers; therefore, the immediate ...

20260513 Sopheawattey SAN, Yun Jung Choi

Analysis on Firm Risk and Insurance Use

This report empirically examines how the level of risk faced by firms affects their insurance utilization, using panel data from Korean listed companies over the 2010?2024 period. Unlike prior studies that have largely explained corporate insurance demand through traditional factors such as agency costs, tax benefits, and bankruptcy costs, this study focuses on how the actual level and nature of risk alter firms' insurance expenditure. The analysis reveals that as business, market, and bankrupt...

20260331 Jiwon Park

2025 Annual Report

20260317 KIF

Designing Sustainable MyData Frameworks for Vietnam: A Comparative Study of Korea's Experience and Policy Adaptation for Local Innovation

This study assesses Vietnam’s legal and institutional maturity and its preparedness for adopting financial MyData, and evaluates the relevant financial infrastructure elements by comparing them with the Korean case. Although Vietnam has met some of the basic requirements, the results indicate that it will require improvements to the legal and institutional framework, as well as strengthened inter-agency cooperation, to establish a safe and consent-based data-sharing system. This study also iden...

20260115 Nguyen Thi Minh Ngoc, Choi Kwang Seok

Designing Sustainable MyData Frameworks for Georgia: A Comparative Study of Korea's Experience and Its Policy Adaptation

This study is a comparative analysis conducted to explore how Korea’s MyData framework can be incorporated into Georgia’s open banking and open finance development strategy. Korea has established a user-centric data ecosystem that spans finance, telecommunications, healthcare, and the public sector. This ecosystem is supported by a world-leading Data Re-use Index, a mature MyData infrastructure, a stringent licensing data-protection regime, and extensive API standardization. In contrast, Georg...

20260115 Varlam Ebanoidze, Kwang Seok Choi