Finance

Financial sector hacking spreads as police open investigation after 28 attack IPs identified

Signs of hacking targeting the financial sector have spread beyond banks and secondary financial firms to internet banks and the insurance and securities industries. South Korea\'s Financial Supervisory Service identified 33 IP addresses linked to hacking attempts, or 28 excluding duplicates, and asked financial firms to block them and conduct self-checks. Police formed a dedicated team and opened a formal investigation. The government called for swift clarification of the circumstances and measures to minimise damage.

Fintech

Kbank introduces QR payments at lottery retailers nationwide

Kbank has introduced a QR code-based account transfer payment system at lottery retailers nationwide in cooperation with Donghaeng Lottery. Retailers can use the service without separate usage fees. The service is available at more than 90 percent of about 10,000 lottery shops. Customers scan a QR code at the shop, choose a financial institution and amount on a web page, then complete the transfer in their bank app.