South Korea Approves Crisis Plans for 10 Institutions from Five Major Financial Groups, Adds Digital Bank Run Risk

According to South Korea's Financial Services Commission, announced via EToday, the regulator has approved recovery and resolution plans for 2026 covering 10 financial institutions from five major groups—Shinhan, KB, Hana, Woori, and NH Nonghyup—and formally incorporated digital bank run and cyberattack risks into the crisis management framework for large financial institutions. The commission noted that as online financial transaction volumes expand, funds may flow out rapidly over short periods, prompting enhanced monitoring of liquidity risks and strengthened cybersecurity incident response protocols across regulated institutions.
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