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Finance

Financial sector \'digital risks\' rise, putting IT controls to the test

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.

Crypto

Dogecoin\'s $1 target would require 1,082 percent market cap rise

A scenario in which Dogecoin reaches $1 in 2026 is mathematically possible, but would require a large inflow of funds and broader real-world use given the current market structure, an analysis found. With 170.24 billion tokens in circulation, a $1 price would imply a $170.24 billion market value, requiring an additional $155.84 billion and a 1,082 percent rise from current levels. Wider payment adoption, ETFs and whale holdings are cited as variables, but demand remains uncertain.

Crypto

Crypto Hot Issue: Crypto regulation stalls as South Korea shows distinct love for altcoins

South Korean brokerages are accelerating their push into digital assets, while the financial sector says regulatory gaps are holding back market entry despite infrastructure being largely ready. An analysis said South Korea accounts for about 30 percent of global cryptocurrency trading volume, with investors heavily focused on altcoins rather than bitcoin. In the United States, delays to the CLARITY Act have added uncertainty, while XRP posted weekly gains and inflows into spot ETFs rose.