| Mobile Web

FSC says minor IT outages during financial AI security work exempt from sanctions

South Korea\'s Financial Services Commission said financial firms can be exempt from sanctions for minor IT disruptions that occur during security tests or security patches aimed at responding to frontier AI security threats, if certain conditions are met. The FSC approved the measure at a review meeting and distributed response guidance for the financial sector. Exemption conditions include the severity of the disruption, rapid recovery measures and consumer protection steps.