Issues ranging from banks’ loan-rate calculations to hacking incidents, IT system management and financial holding companies’ governance were raised at a National Assembly audit. Lawmakers questioned whether banks cut preferential rates after tighter rules on loan add-on rates. They also probed differences in cybersecurity systems among banks and called for stronger standards. Delayed detection of internal system errors, including cases at Toss Bank, was cited. Governance and outside director appointment procedures at BNK Financial Group, Woori Financial Group and KB Financial Group affiliates were also questioned.

South Korean lawmakers criticised streaming service Tving at a parliamentary audit over its compensation plan for a large-scale personal data leak, arguing it steers victims back to paid services and may be designed to reduce penalties. The company offered insurance, points, partner coupons and premium viewing features, but some require subscriptions and former members must rejoin to apply. The Personal Information Protection Commission said ineffective compensation would be hard to factor into any fine reduction, while it reviews sanctions.