The Financial Supervisory Service is South Korea's integrated financial regulator and is responsible for examining and supervising financial institutions under the broad oversight of the Financial Services Commission.
Google Cloud’s contracts for financial institutions in Korea help address the Financial Supervisory Services requirements. We have created mappings for both Google Cloud and Google Workspace to help you understand how we can support you with meeting the Financial Supervisory Services requirements and assess us as an outsourced service provider. Google Cloud is committed to addressing these requirements regardless of how financial institutions choose to use our services.
Learn more about the key laws, regulations, and guidelines prescribed by the Financial Supervisory Service.
Learn more about the Regulation on Supervision of Electronic Finance and how Google Cloud can help support your Financial Supervisory Services compliance efforts.
The Regulation on Supervision of Electronic Finance provides specific guidance on the basic items that are required to be implemented when a financial institution concludes a consignment contract with a cloud computing service provider. In particular, the Regulation on Supervision of Electronic Finance provides specific guidance on measures to protect data, matters to be considered when subcontracting, audit and audit reports, monitoring the service, service locations, access control, data retrieval and termination rights.
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