KRSouth Korean police have determined that the ongoing investigation into a hacking incident at financial institutions constitutes a major crime and will notify the Major Crime Investigation Office (MCIO) accordingly. The National Police Agency’s National Investigative Bureau has identified additional charges under the Electronic Financial Transactions Act, beyond the previously recognized violation of the Information and Communications Network Law. This decision follows a comprehensive review of legal interpretations, opinions from affected financial companies, and consultations with the Financial Services Commission. The case was initially investigated under the Information and Communications Network Law after reports of hacking at Shinhan Bank and other financial institutions. To address the severity of the situation, the Cyber Terrorism Response Unit was designated as the lead investigative team, with 28 officers assigned across four teams. This case is seen as a critical test of the newly restructured criminal justice system’s ability to coordinate investigations effectively.
Bias read (Center): The article presents factual information about the police investigation and legal proceedings related to a cybercrime affecting financial institutions. It includes statements from official sources such as the National Police Agency’s National Investigative Bureau and mentions legal frameworks like '
