Shinhan Financial Group has reorganised its governance in Indonesia by moving to a business holding company structure that groups its card and securities affiliates around its local bank. It converted Shinhan Indonesia Bank to serve as a business holding company and launched Shinhan Financial Group Indonesia. The overhaul follows an Indonesian requirement to establish financial holding companies. Shinhan also signed an agreement with Indonesia’s Sinar Mas group to cooperate in corporate and supply chain finance.

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.