Company Information

Get to know Korea P2P Finance Association

The Korea P2P Finance Association was established in 2016 as a voluntary, self-regulatory organization to foster a healthy ecosystem for the rapidly growing P2P lending market in South Korea. Its primary mission was to establish industry standards, create guidelines for investor protection, and represent the interests of its member companies. The association ceased its primary functions and was effectively dissolved following the enactment of the "Online Investment-linked Finance Act" in August 2020, which required P2P lending platforms to register with the Financial Services Commission (FSC) and established a new, legally mandated industry association.

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Korea P2P Finance Association

South Korea

Founded in

24 Jun 2016 (10 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.