As financial companies expand use of AI, South Korean regulators are sharpening oversight of security and internal controls. The Financial Services Commission plans to exempt sanctions for minor system disruptions during AI security tests or emergency patches if conditions are met, while requiring swift recovery and consumer protection. The Financial Supervisory Service will intensively inspect IT basic controls in the second half and urged banks to build AI internal-control systems. A Woori Bank data leak and broader market and industry moves have also highlighted digital risks.

Shinhan Bank has launched an escrow service dedicated to foreign direct investment to strengthen transaction safety between foreign investors and domestic investee companies. Under the service, after an FDI report and once investment funds arrive, the bank keeps the money in a separate account and releases it only after procedures such as contractual conditions precedent are completed. The bank will waive all escrow service fees for early users and provide professional consultations linked to external law firms.