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Finance

Loan curbs effectiveness disputed in parliament audit; Lee says home prices would have risen more without curbs

South Korea’s parliamentary audit heard a dispute over the effectiveness of tough mortgage lending curbs as Seoul apartment prices keep rising. Shin Dong-wook (신동욱), a lawmaker from the ruling People Power Party, said the rules effectively allow only cash-rich buyers to purchase homes and questioned whether the policy had failed, citing 86 straight weeks of gains. Financial Services Commission Chairman Lee Eok-won (이억원) said the curbs had some effect and argued that boosting housing supply is needed to stabilise the market.

Crypto

Sui joins Samsung Wallet as partner to support Sui-based USDC transfers for Galaxy users

Layer 1 blockchain Sui said on Wednesday it has been selected as Samsung Wallet\'s blockchain infrastructure partner for stablecoin support. Galaxy device users will be able to send and receive Sui-native USDC directly in Samsung Wallet with free or near-zero fees. Samsung and Sui aim to add stablecoin remittance to an everyday wallet. Sui said the service will begin as a pilot in the United States and expand globally.

Finance

Banks face network-segmentation curbs on AI security as hackers use AI, chair says

Concerns were raised at a parliamentary audit that network-segmentation rules should be improved because they hinder financial firms from adopting AI-based security systems after a series of hacking incidents. Rep. Park Min-kyu said AI-driven monitoring is needed to analyze vast access logs and anomalies in real time. He cited seven hacks in a week starting Sept. 27 at Shinhan Bank and 68,000 cases of leaked personal data. Financial Services Commission Chairman Lee Eok-won said he agreed in principle and would review phased regulatory changes.