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Finance

Shinhan Bank data leak raises concerns over internal controls

Shinhan Bank confirmed a leak of personal and credit information affecting about 25,000 customers after an abnormal method was used to bypass authentication and access some services. The leaked data include names, phone numbers, annual income and calculated loan limits, as well as 66 resident registration numbers and 97 CI linkage identifiers. South Korea\'s Financial Supervisory Service began an emergency on-site inspection. The incident is expected to raise questions about Shinhan Bank\'s information protection and internal control systems.

Crypto

Digital Asset expands cooperation with Shinhan, Hanwha, targets onchain shift in South Korea finance

U.S. blockchain infrastructure company Digital Asset is expanding cooperation with South Korean financial firms including Shinhan Financial Group and Hanwha Investment & Securities. Co-founder and CEO Yuval Rooz called South Korea an interesting market for moving traditional finance onchain. Shinhan has stepped up governance participation and investment tied to the Canton Network, while Hanwha completed a strategic investment after signing an MOU. Digital Asset is also pursuing Canton Network use aligned with Korean regulations.

Crypto

Nexchange launches fractional investment OTC exchange, appoints Jung Yoo-shin as CEO

Nexchange, a preparatory company set up to handle over-the-counter distribution of fractional investment products, has officially launched. Twenty-one institutions including Nextrade held its inaugural general meeting on Sept. 29 and appointed Jung Yoo-shin as the first chief executive. The company plans to begin trading products such as music intellectual property, aircraft engines and real estate loan receivables, and later expand to artworks, webtoons and performances.