South Korea’s Broadcast Media Communications Commission is reviewing a plan to set a 1-year validity period for connected information (CI) used to identify individuals online. It plans to prepare an institutional improvement plan within this year and push for related legal revisions from next year. In a written reply to lawmakers, the commission said it is considering 1 year to balance security and service continuity and is also reviewing renewal cycles, replacement procedures and implementation feasibility.

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.