South Korean President Lee Jae-myung calls for study on establishi

South Korean President Lee Jae-myung on November 3 directed his cabinet to actively study establishing a government-level cybersecurity agency that would consolidate and coordinate security functions currently dispersed across public and private sectors, according to a government policy briefing. Lee said the rapid development of artificial intelligence has made hacking techniques increasingly sophisticated, exposing the limits of South Korea's existing security framework, which relies primarily on inspections and after-the-fact responses. He called for building a system capable of detecting, reporting, and responding to attack indicators in advance, and for shoring up vulnerabilities in critical infrastructure including public services, information and communications, energy, and finance. The move signals a potential restructuring of South Korea's national cybersecurity governance, a sector closely watched by crypto exchanges and financial platforms operating in one of Asia's largest digital asset markets. What to watch: follow-up legislative proposals, budget allocations, and how the new agency's mandate would affect regulatory oversight of crypto and financial sector security standards.