STABILITY OF THE FINANCIAL SYSTEM OF THE REPUBLIC OF KOREA
This article reveals the peculiarities of the financial system of the Republic of Korea. Its banking, insurance, stock systems, risks associated with their functioning were analyzed. The system of state supervision over the financial system of the Republic of Korea was considered. Recommendations were given on improving the financial system of the Republic of Korea and state supervision over it. It was concluded that in an open economy dependent on trade, the financial system of the Republic of Korea is one of the most developed and internationally connected in Asia. The state exercises tight control and uses a system of supervision based on certain rules. However, the outlook for banks and insurers is deteriorating due to uncertainty surrounding the economy's growth, low interest rates, increasing competition from fintech and non-bank companies, and adverse demographic changes in household financial behavior.