A string of system glitches and service outages at major South Korean fintech services is fueling concerns over stability as simple payment and remittance apps become everyday financial infrastructure. Naver Pay reported Android app display errors, while Toss saw duplicate automatic transfers affecting about 15,000 users and about 2.14 billion won in double withdrawals. Kakao Pay also faced an access outage. Industry sources call for stronger risk management, incident response and consumer protection.

South Korea\'s Financial Supervisory Service and the Korea Financial Training Institute on Thursday signed an agreement with the Korea Federation of Banks and eight financial holding companies to foster financial consumer protection specialists and strengthen capabilities. The parties will expand consumer protection training for financial company employees and work to raise awareness across the sector. New and revamped courses will target executives, prospective chief consumer officers, department heads, practitioners and branch sales staff, with stronger training on mis-selling prevention and voice phishing response.