South Korean Financial Regulator to Probe Crypto Market Manipulation, Impose Penalties for IT Failures

The regulator said it will strengthen enforcement against consumer finance crimes such as illegal lending and phishing by expanding on‑site response teams, forming a special investigative liaison, building AI‑based early warning systems with telecom and financial data, and reorganizing a complaint center for victim relief; separately, it plans stricter information technology (IT) risk oversight for financial firms by introducing punitive administrative fines for IT incidents, raising CEO and CISO security responsibilities, requiring information‑security disclosures, activating an integrated threat‑monitoring system this month, and issuing AI ethics and risk‑management guidance for financial use.