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AI & Enterprise

PIPC issues privacy protection guidelines for individuals and organisations

South Korea\'s Personal Information Protection Commission on Monday issued preventive guidelines as hacking that exploits security vulnerabilities using AI increases and concerns grow over data leaks and secondary 피해. The commission advised individuals to withdraw from unused websites, use services to check identity verification history, and regularly confirm account leaks or identity theft through public services. It also provided contact points for reporting privacy violations and financial fraud and urged organisations to review systems, devices and APIs handling personal data.

Finance

KakaoBank expands services for foreign residents, from account opening to overseas remittances

KakaoBank is expanding services for foreign residents in South Korea, offering mobile account opening without branch visits, dedicated verification and multilingual support. It introduced a foreigner account, check cards, overseas remittances and multilingual counselling. Customers can submit documents in-app and obtain balance and transaction statements. Fees for transfers and ATM use are waived under the same conditions as domestic customers. KakaoBank plans to add deposits, open banking and loan comparison next year.

Fintech

Financial sector hacking spreads, signs of same attacker at seven firms

Hack attacks targeting South Korea\'s financial sector are spreading beyond commercial banks to savings banks and capital firms, with indications the same attacker is involved. Welcome Savings Bank reported an intrusion into a corporate customer-related system, with up to 2,200 records possibly leaked. President Lee Jae-myung ordered a thorough probe and countermeasures. Financial authorities held an emergency meeting and said related IP addresses were found across seven firms, raising the possibility of automated attacks using AI tools.