Authorities to Convene All Financial Sectors Tomorrow as Personal Data Breaches Spread in Secondary Financial Institutions

Urgent Summoning of All Financial Industry Association Heads and CEOs of Companies Hit by Personal Data Breaches

On October 4, financial authorities will urgently summon the heads of financial industry associations and the CEOs of financial companies that have experienced personal information breaches.

Financial Services Commission. Yonhap News Agency

According to the financial industry on October 3, the Financial Services Commission will convene the presidents of all financial industry associations—including banking, financial investment, insurance, credit card and leasing, savings banks, mutual finance, virtual assets, and fintech—as well as the CEOs of financial companies affected by breaches. The emergency review meeting, chaired by Lee Okwon, Chairman of the Financial Services Commission, will be held the following afternoon at the Seoul Government Complex in Jongno-gu, Seoul.

Initially, the Financial Services Commission had planned for each financial company to conduct its own review during the holiday period, which extends through October 5, and then report the results by October 7. However, with incidents of data leaks persisting at companies such as Yegaram Savings Bank and Hyundai Capital—heightening concerns—the authorities have brought forward the meeting.

It was previously confirmed that, in addition to Yegaram Savings Bank and Hyundai Capital, personal information was also leaked from Shinhan Bank, KB Kookmin Bank, Hana Bank, and BNK Busan Bank.

However, it remains unclear whether these data breaches were perpetrated by the same group.

This content was produced with the assistance of AI translation services.