Key facts
- President Lee Jae Myung called for a thorough investigation into data breaches at financial institutions.
South Korean President Lee Jae Myung has called for a thorough investigation into a series of data breaches affecting major financial institutions, including Hana Bank, KB Kookmin Bank, and Shinhan Bank. The president was briefed on the incidents and instructed authorities to take the matter seriously and implement measures to prevent future leaks.

The series of data breaches at major South Korean financial institutions raises concerns about cybersecurity and the protection of sensitive customer information, potentially impacting consumer trust and leading to increased regulatory scrutiny.
South Korean President Lee Jae Myung has called for a comprehensive investigation into a series of hacking incidents that resulted in personal data leaks at major financial institutions. The president was briefed on the recent breaches and instructed authorities to treat the matter with seriousness, conduct a thorough probe, and implement effective measures to address the issue.
Several financial firms have experienced back-to-back leaks of customer information. Shinhan Bank reported that the personal details of approximately 25,000 customers, including names, phone numbers, and annual income, were compromised. Sources indicated that advanced artificial intelligence tools were utilized by hackers in the attack on Shinhan Bank. Hana Bank also reported a leak affecting 89 customers.
While Woori Bank and NH Nonghyup Bank were targeted in similar hacking attempts, they successfully blocked unauthorized access to their systems, preventing any data leaks. Financial Services Commission Chairman Lee Eog-weon and Financial Supervisory Service Governor Lee Chan-jin are scheduled to hold an emergency meeting later on Sunday with the heads of the affected financial institutions to discuss the situation.
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