Financial Supervisory Service (FSS)

Stories

SK Hynix halts Solidigm US IPO after shareholder concerns

Reviewing dual-listing rules

SK Hynix halted a planned US listing of its Solidigm memory-chip unit on October 23, shelving a deal that could have raised $15 billion at a $150 billion valuation. The company cited market volatility, but South Korean regulators had also questioned whether the listing would hurt existing shareholders.

Updated 2 hours ago

South Korea activates round-the-clock cyber emergency after AI tool breaches multiple banks

New Capabilities

Promised stronger cybersecurity and AI defenses after the October 19 National Assembly audit; inspecting affected firms

South Korea's cyber alert remains at Watch, the second-highest of five levels, after regulators confirmed on October 14 that breaches at 16 financial firms exposed about 100,000 personal records. That is up from seven firms and about 68,000 people reported earlier in the month. Depositors pulled more than 20 trillion won from the five biggest banks between September 30 and October 11.

Updated 2 days ago