South Korea Seeks Central Cybersecurity Body After Binance Hack

South Korean President Lee Jae Myung on Tuesday called for a powerful government-wide cybersecurity body to coordinate security responsibilities spread across agencies, saying the current system relies too heavily on inspections and responses after attacks. Reuters reported his remarks at a cabinet meeting on November 3, and Yonhap separately reported the call.

Lee urged a preventive approach to protect public services and critical infrastructure, including information and communications, energy and finance. He also asked officials to consider a public-private task force and a central “cybersecurity czar” able to coordinate security functions across government. Lee said artificial intelligence was making hacking methods more sophisticated and widespread. He did not announce that a new body had been established.

Lee referred to the $6.3 billion theft affecting Binance but did not directly accuse North Korea. The FBI has attributed the attack to North Korean-linked TraderTraitor, an attribution Pyongyang denies. The FBI’s attribution was reported by Abijita on November 1.

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