South Korea’s parliamentary audit of the Financial Services Commission focused on a string of hacking incidents, single-stock leveraged ETFs and the effectiveness of property loan curbs. Lawmakers raised concerns over inconsistent inspection periods and limited log reviews, while calls grew to ease network separation rules to counter AI-driven threats. Regulators also discussed stablecoin legislation, cross-border tracking of digital asset transfers and preparations for tokenised securities rules, alongside broader fintech and banking industry developments.

The Korea Fintech Industry Association on Thursday held a meeting in Seoul to share recent cybersecurity incident cases in the financial sector and fintech firms’ response measures. The event focused on strengthening security beyond post-incident responses by identifying and blocking vulnerabilities in advance. Discussions included blocking suspicious IP addresses, reviewing past access logs, checking externally exposed IT assets and service vulnerabilities, and reinforcing access controls and abnormal access monitoring.