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Woofun AI reports that the South Korean Financial Services Commission has approved the 2026 recovery and resolution plans for ten financial institutions, including the five major groups: Shinhan, KB, Hana, Woori, and NongHyup. Cyberattacks and "digital bank runs" are now formally embedded in the crisis management system for these large entities.
The regulator noted that rising online transaction volumes could trigger rapid fund outflows. Authorities will enhance monitoring indicators to detect liquidity risks earlier and require institutions to strengthen cybersecurity response mechanisms. Contingency plans must also address scenarios where multiple institutions simultaneously sell assets and compete for liquidity during market shocks.