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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...
South Korean insurance majors eye Indian market

South Korean insurance majors eye Indian market

by AIP Online Bureau | Feb 6, 2026 | Eco/Invest/Demography, International News, Life, Non-Life, Policy, Regulation

Samsung and Hyundai Marine & Fire are interested in potentially entering the non‑life insurance sector, the first source said, while Mirae Asset Financial Group is focusing on life insurance. Mumbai:After Korean Re, South Korean firms Samsung Fire & Marine...
South Korea online retailer Coupang faces US securities class action over massive data breach

South Korea online retailer Coupang faces US securities class action over massive data breach

by AIP Online Bureau | Dec 24, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology

The lawsuit, filed last week in federal court in California, claims Coupang, its CEO and Chairman Bom Kim and its Chief Financial Officer Gaurav Anand misled investors about the company’s data security practices and failed to disclose the breach in a timely way. South...

North Korean hacking grp uses ChatGPT to create a deepfake to attack South Korean target

by AIP Online Bureau | Sep 16, 2025 | Eco/Invest/Demography, Intermediaries, International News, Risk Management, Technology

Attackers used the artificial intelligence tool to craft a fake draft of a South Korean military identification card in order to create a realistic-looking image meant to make a phishing attempt seem more credible, according to research published Sunday by Genians, a...

Aon appoints Bonjay Koo as Enterprise Client Leader for South Korea

by AIP Online Bureau | Sep 1, 2025 | Briefs, Intermediaries, Non-Life, Reinsurance, Risk Management

Aon plc today has appointed Bonjay Koo as Enterprise Client Leader, Asia Pacific in South Korea effective September 1. In this strategic role, Koo will be responsible for the delivery of integrated Risk Capital and Human Capital solutions to Aon’s enterprise and large...
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