# South Korea's FSC Strengthens AI Cybersecurity Oversight

South Korea's Financial Services Commission (FSC) is intensifying regulatory oversight of payment gateway (PG) firms to address emerging AI-driven cybersecurity threats targeting the financial sector. This initiative involves promoting enhanced security protocols, data minimization practices, and rapid incident response coordination among PG companies, card issuers, and financial authorities. The FSC's actions aim to safeguard consumer data, prevent fraud, and reinforce the resilience of Korea's financial infrastructure against sophisticated AI-enabled cyberattacks.

- The FSC's focus on AI-related cybersecurity risks signals increased regulatory expectations for financial technology vendors and service providers operating in South Korea.
- Procurement professionals should anticipate stricter security requirements and potential new compliance mandates for contracts involving payment processing and digital financial services.
- Contractors specializing in cybersecurity solutions, AI threat detection, and incident response may find growing opportunities to support FSC-regulated entities.
- Organizations engaged in Korea's fintech ecosystem should align their security frameworks with FSC guidelines to remain competitive and compliant in upcoming procurements.

**Jurisdictions:** sled
**Industries:** Information Technology
**Topics:** Cybersecurity
**Published:** September 16, 2026

### Government Entities
- Financial Services Commission (FSC)
- Financial Supervisory Service
- Financial Security Institute
- Credit Finance Association
- Fintech Industry Association

### Key Quotes
> Threats of intrusion using AI are becoming a reality and asked the PG industry to join the government's financial AI security policies.
> — Yu Yeong-jun, Director General of Digital Finance Policy

### Sources
- [FSC inspects PG firms, strengthens Korea’s defenses against AI-driven hacks - CHOSUNBIZ](https://biz.chosun.com/en/en-finance/2026/09/16/7ZCZZ3ALKZCRFLJGVTGK2IQ37Y) - Chosunbiz