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.

Finance

Toss Securities renews CEO Kim Gyu-bin for second term

Toss Securities has decided to renew the term of CEO Kim Gyu-bin (김규빈), who will lead the company for another two years. On Oct. 8, the firm reappointed Kim as an internal director and CEO at a board meeting. His new term runs through October 2028 and he will continue as board chair. Toss Securities plans to pursue growth while strengthening ethics, compliance management and internal controls.