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Analyzing the Effectiveness of Financial Consumer Protection Acts: A Comparison of Korea, the United Kingdom, and Japan Cover

Analyzing the Effectiveness of Financial Consumer Protection Acts: A Comparison of Korea, the United Kingdom, and Japan

By: Kwanseol Son  
Open Access
|Dec 2025

References

  1. Kim, H. (2023). Changes in Financial Environment and the Role of Korean Financial Consumer Association - Focusing on Improving the Effectiveness of the Financial Consumer Protection Act, Korean Journal of Financial Studies (in Korean).
  2. Korea Financial Supervisory. (2024). Analysis of Financial Complaints, 2024.9 (in Korean).
  3. Korea Financial Supervisory. (2012~2023). Bank/Insurance/Securities Mystery Shopping Results (in Korean).
  4. Lee, K. and Lee, H. (2011). An Evaluation of Korea’s System for the Protection of Financial Consumers, Korean Journal of Financial Studies (in Korean).
  5. Cherednychenko, O. O. (2014). Financial consumer protection in the EU: towards a self-sufficient European contract law for consumer financial services? European Review of Contract Law, 10(4), 476–495.
  6. Son, Y.H. (2021). Legislative Evaluation of the Financial Consumer Protection Act, Economic Law Studies (in Korean).
  7. Whitford, W. C. (1981). Structuring Consumer Protection Legislation to Maximize Effectiveness, Wisconsin Law Review, 1018.
DOI: https://doi.org/10.2478/irfc-2025-0007 | Journal eISSN: 2508-464X | Journal ISSN: 2508-3155
Language: English
Page range: 29 - 37
Submitted on: Sep 1, 2025
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Accepted on: Nov 23, 2025
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Published on: Dec 31, 2025
In partnership with: Paradigm Publishing Services

© 2025 Kwanseol Son, published by International Academy of Financial Consumers
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.