TechFlow News: On February 9, according to Yonhap News Agency, the Financial Supervisory Service (FSS) of South Korea announced its 2026 work plan, which includes launching special investigations into high-risk areas of the virtual asset market and cracking down on price manipulation activities—including those conducted by “large whales.” Simultaneously, the FSS will establish a preparatory task force for the Digital Asset Basic Act to support the development of a legal framework for virtual assets. The plan also introduces a punitive fine system for financial IT incidents, strengthens CEOs’ cybersecurity responsibilities, and deploys AI technology to build a cyber threat monitoring system. Additionally, efforts will intensify against livelihood-related financial crimes—such as illegal private finance and telecom fraud—and promote the development of “Financial AI Ethics Guidelines” and a risk management framework.
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