South Korea plans cybersecurity overhaul after attacks hit banks, crypto firms

South Korea is proposing tougher cybersecurity assessments for financial firms after a review found security deficiencies at 130 institutions, including banks and crypto companies. The move follows a series of attacks targeting the sector. While the proposal signals increased regulatory scrutiny for crypto firms operating in South Korea, it does not directly affect asset prices or market structure, making it a neutral development for traders.