The Korean Finance Commission approved the crisis management programme for five major financial groups

According to etoday, the Korea Finance Commission approved a 2026 recovery and disposal plan for the five major financial groups and 10 financial institutions under the umbrella of the Korean Finance Council, including cyberattacks and the risk of crowding out digital banks into the crisis management system of large financial institutions, and required financial institutions to improve monitoring indicators, strengthen cyber-security response mechanisms and consider the simultaneous sale of assets by multiple institutions in crisis preparedness cases。