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Finance

Financial sector hacking spreads, delays gain support for digital asset tax postponement

A string of hacking incidents in South Korea’s financial sector has led to confirmed personal data leaks at savings banks and mutual finance groups, prompting authorities to step up inspections and security requirements. Banks are moving to raise cybersecurity spending and expand fraud prevention systems using AI. Market volatility and a steep stock selloff also drew a policy response. Political debate intensified over postponing digital asset taxation and regulating exchange shareholders.

Finance

Lawmakers raise discrimination claims in Naver-Toss POS dispute

Allegations were raised at a parliamentary audit that Naver unfairly excluded Toss Place during the integration of store point-of-sale systems. Rep. Song Eon-seok said Naver linked services with 15 POS firms but left out only Toss Place’s Toss POS. Toss Place CEO Choi Jae-ho said he had sought integration for two years without clear reasons. Fair Trade Commission Chairman Joo Byeong-ki said the agency should examine possible self-preferencing and unfair discrimination.

Finance

Toss Place signs MOU with Karrot to link store promotion with orders and payments

Toss Place, Toss’s payment terminal and POS solution unit, has signed a strategic business partnership agreement with local community platform Karrot to link online and offline channels. The two companies will connect Karrot’s online user base of about 20 million with Toss Place’s in-store payment infrastructure. The tie-up focuses on linking services across store promotion, ordering and payments, with integration starting from Karrot Biz Profile in Toss POS.