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South Korean president orders probe into data leaks across financial industry

South Korean president orders probe into data leaks across financial industry

by AIP Online Bureau | Oct 5, 2026 | Disaster & Management, Eco/Invest/Demography, International News, Risk Management, Technology

Lee Jae Myung, President,South Korean “The entire financial sector should carry out swift and thorough security inspections,” Financial Services Commission Chairman Lee Eog-weon said in a statement Sunday, after an emergency meeting with executives from financial...
South Korean banks and insurers hunt for overseas deals

South Korean banks and insurers hunt for overseas deals

by AIP Online Bureau | Sep 29, 2026 | Eco/Invest/Demography, International News, Life, Non-Life

A rapidly aging population and a mature domestic market are pushing Korean financial groups to head out. Backed by strong balance sheets, they are scouring investments ranging from US insurance and retirement businesses to banks and consumer-finance companies across...
South Korean pension fund seeks India government bond investment licence

South Korean pension fund seeks India government bond investment licence

by AIP Online Bureau | Sep 22, 2026 | Eco/Invest/Demography, International News, Pension & Social Security

Korea’s National Pension Service, which has more than $1.3 trillion in assets, will be ​one of the first to apply under the Securities and Exchange Board of India (SEBI) lower compliance window for foreigner investors investing only in government bonds, the...
South Korea issues first emergency heatwave warning under new rating system

South Korea issues first emergency heatwave warning under new rating system

by AIP Online Bureau | Jul 12, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

The new warning system was introduced to better deal with a rising number of heatwaves in South Korea, which have become longer and more intense, officials said. Seoul:South Korea issued its first-ever emergency heatwave alert on Sunday under a new warning system...
South Korea crypto exchange Bithumb says system flaws led to $40 billion error

South Korea crypto exchange Bithumb says system flaws led to $40 billion error

by AIP Online Bureau | Feb 11, 2026 | Eco/Invest/Demography, International News, Risk Management, Technology

The country’s second-largest virtual asset exchange said it accidentally gave away about 620,000 bitcoins to customers during a promotional event, instead of 620,000 won ($426), triggering a 17% slump in bitcoin’s price. South Korea’s Bithumb said on Wednesday that...
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