As financial companies expand use of AI, South Korean regulators are sharpening oversight of security and internal controls. The Financial Services Commission plans to exempt sanctions for minor system disruptions during AI security tests or emergency patches if conditions are met, while requiring swift recovery and consumer protection. The Financial Supervisory Service will intensively inspect IT basic controls in the second half and urged banks to build AI internal-control systems. A Woori Bank data leak and broader market and industry moves have also highlighted digital risks.

Mirae Asset Securities denied a Bloomberg report that there was a communication error during the SpaceX IPO subscription process. The company said it followed the lead underwriters’ procedures and carried out the process normally, and it will take legal action over reporting it says is not based on verified sources. Mirae Asset said it submitted $1.14 billion of investor demand through the system provided and received official confirmation. South Korea’s financial watchdog is inspecting the firm.