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Finance

Financial sector hacking spreads as police open investigation after 28 attack IPs identified

Signs of hacking targeting the financial sector have spread beyond banks and secondary financial firms to internet banks and the insurance and securities industries. South Korea\'s Financial Supervisory Service identified 33 IP addresses linked to hacking attempts, or 28 excluding duplicates, and asked financial firms to block them and conduct self-checks. Police formed a dedicated team and opened a formal investigation. The government called for swift clarification of the circumstances and measures to minimise damage.

General News

President Lee holds 100-minute news conference, addresses issues from U.S. investment talks to troop deployment and housing

South Korean President Lee Jae-myung (이재명) held a news conference on Thursday, sharing his reflections from the past 15 months and his stance on pending issues. He said the government is renegotiating parts of U.S. investment talks that are difficult to accept and described the matter as complex. Lee said decisions on U.S. semiconductor investment will consider corporate judgment and national strategy. He also addressed troop deployment, real estate reform and special counsel powers.

Industry

Semiconductor export boom swells Korea budget, setting up September parliamentary clash

South Korea’s government budget for 2027 is set to rise sharply as a semiconductor export boom lifts tax revenue, raising the stakes for a September parliamentary session over how to allocate funds. The plan boosts spending to 820.9 trillion won and lifts revenue to 880.8 trillion won, led by a jump in national tax receipts. Funding for semiconductor and AI initiatives rises, including a new semiconductor special account, while debates centre on tax credits, infrastructure support and an exception to the 52-hour workweek cap.