Its abbreviation is FSC. The Commission's affairs include supervision, inspection, and sanctions concerning financial institutions, and the management, supervision, and surveillance of capital markets. The Financial Supervisory Service (FSS) inspects and supervises financial institutions under the guidance and supervision of the Financial Services Commission and others.
Under the Financial Investment Services and Capital Markets Act, the Financial Services Commission grants authorizations such as those for central counterparty clearing business. The individual articles are covered in the article on Korea.