(From left: Attorney Soon Young Park, Attorney Joo Eun Kim, Attorney Seo Yeon An, Attorney Do Hee Kim)

LIN LLC successfully hosted a webinar on July 17, 2025, focused on “Key Updates and Regulatory Trends Following the Proposed Amendments to the Electronic Financial Transactions Act.” The session was strategically organized to address the legal vulnerabilities exposed in electronic commerce structures following the TMON and WeMakePrice non-settlement incident, to discuss anticipated regulatory changes under the proposed amendments to the Act, and to explore proactive response strategies for industry participants.

The webinar featured an in-depth presentation by attorney Soon-young Park of LIN LLC’s TMT & Data Security Team. Attorney Park provided a detailed overview of the core provisions of the proposed amendments, elucidating their legislative intent, regulatory scope, and the projected impact across various sectors. She offered specific, actionable guidance on critical issues and future compliance strategies for, among others, electronic financial service providers, e-commerce platform operators, fintech companies.

Following the presentation, a panel discussion with attorneys Joo-eun Kim, Seo-yeon An, and Do-hee Kim offered further specialized perspectives, deeply analyzing the significance and impact of the revision bill:

Attorney Joo-eun Kim observed that the proposed registration requirements for e-commerce platforms could mitigate operational blind spots. Attorney Seo-yeon An acknowledged the positive impact of mandating the external management of settlement funds of PGs, specifically in protecting client assets and fostering transparency, while simultaneously pointing out that this measure may impose certain constraints on liquidity management for fund operators. Attorney Do-hee Kim underscored the critical need for a judicious balance between regulation and innovation to ensure the sustainable growth of the fintech industry. She also recommended the active utilization of regulatory sandboxes and grace periods to secure essential institutional flexibility.

Through this webinar, LIN LLC shared valuable information, significantly enhancing stakeholders’ comprehension of the evolving legal landscape in the electronic finance and e-commerce sectors, thereby assisting them in formulating effective and implementable compliance strategies. 

LIN LLC will continue to provide in-depth legal counsel and robust practical support to enable companies and institutions to operate stably and in compliance with law amidst the rapidly evolving digital finance and technology environment.

For more details, please refer to the original article below.

Source: Naewoe Economic TV
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https://www.nbntv.co.kr/news/articleView.html?idxno=4004961