MG Community Credit Cooperatives Federation said some customers using its mutual insurance services had personal information leaked in a hacking incident. The leaked data included encrypted resident registration numbers, bank account numbers, contact details and balances, it said. The federation said it blocked the IP addresses used by the hacker and carried out additional checks and fixes to website vulnerabilities. It is notifying affected customers and will fully compensate any losses, it said.

OK Financial Group signed a share purchase agreement to acquire Yebyeol Non-Life Insurance and enter the insurance business. With Yebyeol\'s performance worsening, OK Financial expects it will need to inject more than 110 billion won in additional funds and is considering bringing forward planned investment outlays. It plans to prioritise policyholder protection and management normalisation, raise key solvency indicators above regulatory standards, and expand staffing from about 260 to 500 to 600.