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Finance

Capital market rules tighten as MyData programme expands

South Korean financial authorities are accelerating efforts to tighten capital market discipline, pledging tougher action against illegal practices aimed at avoiding delisting and pushing for timely exits of so-called zombie firms. Korea Exchange will introduce rules from July to delist penny stocks and raise standards for dealing with weak companies. Regulators also plan to curb duplicate listings and tighten reviews. Some decisions, including Hong Kong ELS fines and Samsung Securities approvals, remain delayed.

Telecommunications & Media

Smishing alert over high oil price relief grants; government, card firms say they will not send URLs

The government urged vigilance against smishing attacks linked to high oil price relief grants, saying such scams are expected in various forms. It cited last year’s crackdown on smishing tied to consumer coupons, which found 430 attempts including lures to illegal gambling sites and malware apps designed to steal personal data. The government, card firms and local currency operators said they will not send any URL-containing messages, banners or app push links related to the grants.

Games & Commerce

Kakao boosts cooperation with Supreme Prosecutors\' Office to prevent voice phishing, supports \'Jjin Center\' operations

Kakao said on Tuesday it is strengthening cooperation with South Korea’s Supreme Prosecutors\' Office to counter voice phishing. The company linked the KakaoTalk channel for the Supreme Prosecutors\' Office Jjin Center to a section in its customer centre warning about impersonation, to help users verify suspicious cases and report them. Kakao plans to introduce the channel’s content in Kakao Now, send prevention messages during peak periods and identify banned words used in crime.