(1) Amendment of supervision contribution allocation standard among financial areas (Article 3.2.1 of the Regulations)
ㅇ When allocating supervision contributions in three financial areas consisting of bank/non-bank, financial investment, and insurance, the weight of input personnel of the Financial Supervisory Service in each financial area is increased from 60% to 80%, and the weight of operating profit of each financial area is decreased from 40% to 20%.
(1) Amendment of supervision contribution allocation standard in financial areas (Articles 3.2.2 and 3.2.3 of the Regulations)
ㅇ Bank/Non-Bank: In case of non-financial combination business such as electronic financial business, Value-Added Network (VAN), combination loan business, and Korea Credit Information Services among the businesses to be included newly as subjects for imposition of supervision contributions with such improvement of the system, the contribution ratio based on operating profit is applied instead of the previous contribution ratio based on the total payables.
ㅇ Financial investment: In case of asset operation companies (collective investment, investment discretion, and investment consulting business), single contribution ratio (100%) based on operating profit is applied instead of the previous combined contribution ratio “Total payables (60%) + Operating profit (40%).”
ㅇ Insurance: In case of life insurance companies and damage insurance companies, the weight of the previous combined contribution ratio “Total payables (70%) + Insurance premium income (30%)” is adjusted, and the contribution ratio based on “Total payables (50%) + Insurance premium income (50%)” is applied.
- In case of corporation insurance agencies to be included newly as subjects for imposition of supervision contributions, single standard contribution ratio of operating profit is applied.
(3) Strengthened standard for contribution exemption subjects (Appendix Table 1 of the Regulations)
ㅇ (Strengthened common reason for exemption) The standard for the exemption of small financial companies from contributions is strengthened from “Less than KRW 5 billion operating profit” to “Less than KRW 3 billion operating profit.”
ㅇ (Reduction in business for exemption)
(i) Business with no demand for supervision by the Financial Supervisory Service: Maintenance of exemption
(ii) Business with small business scale or rare demand for supervision by the Financial Supervisory Service: Imposition of supervision contribution (KRW 1 million) for each case of inspection
(iii) Business with certain or higher levels of business scale and demand for supervision by the Financial Supervisory Service: Imposition of routine contributions
(4) Improvement of standard for imposition of additional supervision contributions (Article 3.2.4, Article 5, and Appendix Table 1-2 of the Regulations)
ㅇ (Amendment of calculation equation of additional supervision contribution) Imposition of “30% of previous contribution” or “Amount calculated in connection with the input personnel of the Financial Supervisory Service,” whichever is smaller
ㅇ (Improvement of terms related to the imposition condition of additional supervision contribution) The uncertainty of regulation of financial companies is relieved by clarifying the definition of “deterioration of financial soundness” and “financial accidents” in the Regulations as the conditions of inspection for subjects for the imposition of additional supervision contribution.
- If an inspection period lies in two fiscal years, it is clarified to reflect the summed inspection personnel for the two fiscal years in the year to terminate the inspection.
ㅇ (Preparation of special cases in relation to the time of imposing additional contribution) If an inspection was conducted in the previous fiscal year, but the inspection result is not determined, additional allocation is imposed in the year when the inspection result is determined.
(5) Improvement of base for carry-over of supervision contribution to the following year (Article 8.1 of the Regulations)
ㅇ It is prescribed that supervision contribution for each case to be established newly with the improvement of monetary system may be carried over to the following year with no repayment through approval of the Financial Services Commission.
