AI-linked hacks and an AI-driven stock rout leave Korea’s FSC fighting on two fronts

South Korea’s Financial Services Commission (FSC) has responded to the Thursday crash that rocked the stock market and knocked more than 7% off the KOSPI with its second AI-linked emergency intervention this week. The market regulator’s Thursday meeting follows an earlier one after an exploit campaign breached 16 financial firms , including the Gopax crypto exchange. That hack wave was also linked to hackers assisted with AI tools. AI spending doubts drive excessive KOSPI slide The KOSPI took a big hit on Thursday, closing at 5,554.22, down 7.57% after falling as much as 8% during the October 15 session. The plunge tripped the 20-minute trading halt the exchange uses as a circuit breaker for the first time in about two and a half months.

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