The South Korea Financial Services Commission published the government’s one-year assessment of its comprehensive voice-phishing measures, reporting 10 consecutive months of year-over-year declines. From October 2025 through July 2026, reported cases fell 39.9% to 12,554, while losses dropped 43.2% to KRW 632.4 billion. The government attributed the improvement to a shift from fragmented, post-incident responses toward coordinated prevention, early detection and blocking.
2026-09-02South Korea Financial Services Commission
South Korea Financial Services Commission reviews anti-phishing measures as cases fall 40% and losses 43%
The South Korea Financial Services Commission published a one-year review showing that voice-phishing cases fell 39.9% and losses declined 43.2% from October 2025 through July 2026, marking 10 consecutive months of year-over-year decreases. The government linked the improvement to stronger cross-agency prevention and blocking, including an AI data-sharing platform that helped prevent KRW 66.36 billion in losses. Further legislation is planned to formalize transaction freezes for emerging scams and strengthen financial firms’ responsibility for victim compensation.