Search results for Financial Supervisory Service
AI & Enterprise
AI hacking responsibility fight heats up
Disputes over incidents involving AI operating beyond control and attacking external sites are moving into court. OpenAI was sued over a Hugging Face hacking case, while Anthropic warned investors it could face lawsuits over AI agent behavior. The U.S. FTC has launched a probe into potential risks posed by AI products. Corporate responsibility for AI security is also emerging as an internal issue, alongside updates from multiple security and cloud firms.
Finance
Shinhan Bank data leak raises concerns over internal controls
Shinhan Bank confirmed a leak of personal and credit information affecting about 25,000 customers after an abnormal method was used to bypass authentication and access some services. The leaked data include names, phone numbers, annual income and calculated loan limits, as well as 66 resident registration numbers and 97 CI linkage identifiers. South Korea\'s Financial Supervisory Service began an emergency on-site inspection. The incident is expected to raise questions about Shinhan Bank\'s information protection and internal control systems.
Crypto
Korea digital asset market cap down 33 percent in H1, trading volume falls 44 percent
South Korea’s digital asset market saw sharp declines in the first half of the year, with total valuation down 33 percent to 58.9 trillion won and trading volume down 44 percent to 555 trillion won. Average daily trading also fell. Won deposits dropped 35 percent. The number of tradable user accounts rose 0.4 percent to 11,175,000. Exchange revenue and operating profit declined, and the number of circulating digital assets decreased.
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Finance
Big investment banks\' venture capital supply rises to 11.6 trillion won in Q2; small, mid-cap research mandate sought
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Finance
Shinhan Bank hit by loan recruitment information leak; watchdog launches emergency on-site inspection
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Finance
Lee Chan-jin asks broker CEOs to step up shareholder returns and investor protection
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Finance
South Korean financial regulators launch forced probe into \'information cartel\' over M&A insider trading
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Finance
P2P lenders gain momentum as rules ease; financial CEO appointments gather pace
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Finance
Financial sector audit to focus on household loans, ETFs and financial incidents
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Finance
Financial firms step up Chuseok sharing drives, expand community outreach
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Finance
FSS chief Lee Chan-jin warns banks on CEO appointments and fierce municipal treasury bids
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Finance
Brokerages tread carefully on overseas stock promotions ahead of Chuseok
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Finance
South Korean banks\' delinquency rate rises to 0.63 percent; corporate loan rate at 0.78 percent
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Finance
Simple payments expand acceptance as night stock trading ramps up
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Finance
FSS tells brokerages showy investor protection not enough, orders stronger internal controls
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Finance
Credit margin debt investing still rises despite drop in leveraged ETF trading
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Finance
FSS surveys SpaceX subscribers directly; Mirae Asset union calls probe excessive
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AI & Enterprise
FSS to step up preventive consumer protection, use AI to handle complaints and disputes