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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.

AI & Enterprise

KT holds 2026 AID-X Day to showcase group AX innovation results

KT said on Oct. 15 it held 2026 AID-X Day to share AI transformation (AX) innovation results and technology development experience. The two-day event, held at KT’s Pangyo building from Oct. 14, combined the existing AID-X Demo Day and AX Tech Connect. It featured exhibits and presentation sessions across business, innovation, work and technology, along with an AI hackathon. KT said it aims to spread shared results across the group and accelerate its shift to an AX platform company.

Finance

KakaoBank expands services for foreign residents, from account opening to overseas remittances

KakaoBank is expanding services for foreign residents in South Korea, offering mobile account opening without branch visits, dedicated verification and multilingual support. It introduced a foreigner account, check cards, overseas remittances and multilingual counselling. Customers can submit documents in-app and obtain balance and transaction statements. Fees for transfers and ATM use are waived under the same conditions as domestic customers. KakaoBank plans to add deposits, open banking and loan comparison next year.