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.

KT Cloud said on Monday it has obtained the Cloud Security Assurance Program (CSAP) certification for its KT Cloud Platform, stepping up efforts to target the public cloud market. The company said it will gradually apply a multi-availability zone structure beyond multi-region, building systems between Seoul and North Gyeongsang Province and between Yongsan and Mok-dong in Seoul. It plans to provide an advanced disaster recovery environment and high-availability infrastructure.