Topic
Oversight of South Korea's banks and securities markets by regulators like the Financial Services Commission, covering trading and data security.
Korea's local Nonghyup cooperatives lent 10.94 trillion won of their 12.23 trillion won first-half loan growth to borrowers outside their farmer membership. Nonghyup wants its 50% cap on non-member loans eased, while critics want the lending model reassessed.
Reality
South Korea's Supreme Court upheld HSBC Hong Kong's acquittal on 15.8 billion won of alleged naked short sales, the country's first such criminal case. Its holding that an unexecuted sell order is not the offence gives the next prosecution a stricter test to meet.
Perspective Coverage
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President Lee Jae-myung ordered a full probe of hacks that exposed data at four Korean banks, including about 25,000 Shinhan Bank customers. The response runs through every financial industry association before the probe has shown whether the banks share a weak point.
Perspective Coverage
5 publishersReality
South Korea's financial regulator gave lenders until Thursday to check every internet-facing system after hackers breached at least seven banks. Attackers entered through tools built for loan recruiters and staff, so the repair falls on how much credit data banks let outsiders see.
Reality
Korean regulators sent security orders to about 500 financial firms after the same attacker IP turned up in breaches at seven lenders. Almost every firm doing the emergency reviews has no reported breach, so the cost is shared across the sector.
Reality
FSC chairman Lee Eok-won told Korean financial firms they will be held strictly accountable under law if the hacks that hit six lenders happen again. The threat covers future breaches, so for the firms already hit the cost so far is five requests, including security checks and customer compensation.
Reality
South Korea's Financial Services Commission will block outside access to staff and loan-broker web pages by default after leaks at six firms. Every page a firm keeps reachable now has to be justified as indispensable to services or work.
Reality
Korea's community credit cooperative federation blocked access from the IP address behind the Shinhan Bank leak as attacks reached a fourth financial sector. The main way in so far has been services built for loan brokers and employees, set apart from the systems that process transactions.
Reality
South Korea's Financial Services Commission ordered banks and card firms to check every externally reachable IT system after data leaks at four banks. The regulator will collect the returns and use them to build new cybersecurity measures for the financial sector.
Reality
South Korea's Financial Services Commission proposed rules on October 1 letting stocks, bonds and funds trade as tokens from February 4, 2027. Comments close November 11, while bills from both main parties would push the January 1 crypto income tax back as far as 2030.
Perspective Coverage
3 publishersReality
An FSS official says emails went out repeatedly to debtors whose loans NICE was collecting for other financial companies. The ceiling under review allows seven contacts in seven days for each debt.
Reality
Hanwha's tokenized securities platform runs on Avalanche now, while the Korean law that makes ledger records a securities register starts on February 4, 2027, and starts with private placements rather than listed stock.
Reality