| Mobile Web

All articles List

Finance

Lee Chan-jin vows zero tolerance for repeat IT incidents, strengthens internal controls and preventive oversight

South Korea's Financial Supervisory Service is moving to address weak internal controls and limits of post-incident oversight cited as root causes of repeated hacking and system outages. It held a meeting with the National Assembly, financial associations, the Financial Security Institute, academia and security firms to discuss preventive digital risk supervision and control measures. Governor Lee Chan-jin said many incidents stem from failure to meet basic duties or weak controls and pledged strict accountability under a zero-tolerance principle.

Finance

FSC expands support to 26.8 trillion won to cope with Middle East risks

South Korea's Financial Services Commission said on Tuesday it will expand new policy financing support to 26.8 trillion won to ease corporate burdens from instability in the Middle East. It also plans to ease refinancing pressure for Credit Guarantee Fund P-CBOs, including by lowering repayment ratios and cutting subordinated purchase ratios and spreads. Private lenders will 추진 a program supplying more than 53 trillion won in new funds.

AI & Enterprise

SpaceX, OpenAI and Anthropic set stage for three mega IPOs

SpaceX, OpenAI and Anthropic are moving toward listings months apart, setting up a mega IPO rush with a combined valuation of about $2.9 trillion. SpaceX is seen as moving first, with a possible June target. Analysts warn that if the three list around the same time, the IPO market could face a supply shock requiring hundreds of billions of dollars in funding absorption in a single quarter. Valuations and losses are key variables.