Internal controls for fintech financial platforms are being tightened as concerns grow that system failures in payments, transfers and top-ups could quickly harm consumers and erode trust. Financial authorities have urged big tech e-finance operators to build IT stability and internal control systems comparable to traditional financial firms, while also revising support tools such as the financial regulatory sandbox. Banks are also stepping up competition for young customers as a youth savings product draws strong early demand.

Hana Securities has opened a premium financial center at Hyundai Department Store\'s Mokdong branch in Seoul to strengthen its comprehensive wealth management services. The company said it opened THE H1 W on the sixth floor of the store and held an opening ceremony. The center will provide tailored asset management for VIP customers, combining wealth management, investment banking, and sales and trading capabilities. It will also introduce a family office succession solution that supports children’s startups.