The Financial Services Commission said the plans now cover cyber attacks and digital bank runs as online transactions grow and liquidity risks can spread faster.
South Korea's Financial Services Commission approved 2026 Recovery and Resolution Plans for 10 financial institutions, including Shinhan, KB, Hana, Woori and Nonghyup. The updated plans formally incorporate cyber attacks and digital bank runs, reflecting how growing online financial activity can accelerate stress transmission and liquidity pressure. The Commission said it aims to strengthen monitoring indicators to spot liquidity risks earlier, while requiring institutions to improve cyber security responses and prepare for market-shock scenarios involving simultaneous asset sell-offs and competition for funding.