( September 19, 2025, 02:50 GMT | Official Statement) -- MLex Summary: South Korea’s science and finance regulators pledged sweeping reforms after cyberattacks on KT and Lotte Card, framing security as the foundation of the country’s digital and AI ambitions. The Ministry of Science and ICT said it will reexamine the security framework from scratch with top experts, moving beyond ad-hoc fixes to more fundamental defenses. Companies that delay or fail to report breaches will face tougher fines, while regulators plan to empower authorities to investigate incidents even without company disclosure and to encourage greater voluntary security investment. In finance, authorities ordered urgent system checks under CEO responsibility, warned of punitive fines for serious lapses and vowed to strengthen the powers of chief information-security officers and public disclosures to restore trust.The statement, in Korean, is attached....
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