Finance

BOK security gaps in spotlight at parliamentary audit; digital currency safety also at issue

South Korea\'s parliamentary audit put the Bank of Korea\'s cyber security response system and privacy protections for its digital currency system under scrutiny. Issues raised included more than 3,000 hacking attempts, a shortage of information security staff and possible leakage of interbank transaction data. Lawmakers also questioned the effectiveness of joint inspections with the Financial Supervisory Service and asked about the possibility of further policy rate hikes alongside updated growth and inflation forecasts.

Telecommunications & Media

Sub-1,000-won-a-month budget mobile plans: what you pay after discounts end

Ultra-low-cost budget mobile plans priced below 1,000 won a month are emerging, helping households cut telecom bills, the industry says. Many offers are promotional and switch to standard rates after 6 to 24 months, pushing monthly fees into the tens of thousands of won. Some plans jump from 10 won to 18,700 won, while others rise to 36,300 won or 40,000 to 50,000 won.