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Finance

Financial sector hit by hacking, security vulnerabilities exposed across the board

South Korea\'s financial sector faced a security emergency after a string of hacks and personal data leaks. Shinhan Bank had customer information for about 25,000 people leaked, while KB Kookmin Bank and Hana Bank confirmed leaks involving 119 and 89 customers. Regulators said related IP addresses linked to the same attacker were found across seven firms, with external-facing services used as attack routes. Authorities are investigating possible automated attacks using AI tools and ordered an industrywide security review.

Finance

Finda stability loans top 16 billion won, 95 percent go to mid-low credit borrowers

Finda said cumulative disbursements of its mid-rate stability loan exceeded 16 billion won about two months after launch. The company said about 95 percent of the total amount was provided to users with credit scores in the 500 to 700 range. Daily loan applications rose 11 percent in August from the prior month and increased a further 31 percent in September. September disbursements rose 21 percent from August.

Finance

MyData market expands as Korea faces impact of consecutive base rate hikes

Korea\'s financial MyData service is set to expand beyond individuals to sole proprietors and small merchants, evolving from simple data checks to executing financial tasks. The Financial Services Commission plans to broaden the right to request transmission of credit information and to introduce a \"My AI agent\". Separately, the Bank of Korea has raised its base rate for a second straight month, adding to upward pressure on loan rates and borrowers\' interest burdens.