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Finance

South Korea watchdog moves to tighten disclosure of fees for brokers\' paid stock information services

South Korea\'s Financial Supervisory Service plans to improve how securities firms disclose fees for paid stock information services after fee income reached 67.1 billion won last year. The watchdog said 12 brokerages run such services for 103,000 customers. It will require regular disclosures after sign-up and ban automatic conversion to paid service after free trials without explicit consent. The FSS aims to complete improvements by the first quarter of 2027.

Finance

FISC hacked, raising questions over policy execution and 20th anniversary FISCON

South Korea\'s Financial Security Institute (FISC) suffered a hack that leaked some personal information, dealing a blow to its credibility. The breach was confirmed days after financial authorities presented a security-system overhaul plan at FISC and just ahead of the FISCON 2026 information security conference. FISC said about 130 files from 48 financial firms were leaked, mostly administrative forms. Authorities are checking access controls, while police have begun tracking IP addresses.

Crypto

Binance signing authority breach raises security challenges for South Korean exchanges

An analysis says a major digital asset theft at Binance targeted internal signing authority and operational structure rather than the blockchain itself. About $6.3 billion in digital assets was withdrawn without authorisation from a Binance hot wallet on Oct. 30 Korea time. DSRV pointed to compromised employee devices, AI tools expanding the attack, and weaknesses in signing services and delegated signatures. It said South Korean exchanges also face similar risks despite cold-wallet requirements.