🇺🇸 English, 10 October 2026, bank security
KB plans 100 bln won in cybersecurity spending
South Korea's largest retail bank plans to increase its cybersecurity budget to over 100 billion won in 2027.
The country’s largest retail bank plans to increase its cybersecurity budget to more than 100 billion won (US$74 million) in 2027, as it seeks to strengthen its defenses against growing cyber threats.
The bank’s decision to boost its cybersecurity spending comes as South Korea’s financial sector faces increasing pressure to improve its defenses against cyber attacks, which have become a major concern for the country’s economy.