Financial Supervisory Service (FSS)

Stories

SK Hynix halts Solidigm US IPO after shareholder concerns

Says Solidigm's US listing would fall under dual-listing rules

SK Hynix dropped the planned US listing of its Solidigm memory unit, a sale that could have raised $15 billion at a $150 billion valuation. It halted the review on October 23, citing market conditions and share prices. On October 28 it said the review was discontinued. South Korean regulators had said the listing would fall under rules meant to protect parent-company shareholders.

Updated Nov 1

South Korea activates round-the-clock cyber emergency after AI tool breaches multiple banks

New Capabilities

Promised stronger cybersecurity and AI defenses after the October 19 National Assembly audit; inspecting affected firms

South Korea's cyber alert remains at Watch, the second-highest of five levels, after regulators confirmed on October 14 that breaches at 16 financial firms exposed about 100,000 personal records. That is up from seven firms and about 68,000 people reported earlier in the month. Depositors pulled more than 20 trillion won from the five biggest banks between September 30 and October 11.

Updated Oct 21