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S. Korea, EU Pledge Joint Action on N. Korea Crypto Threats

S. Korea and EU to Cooperate in Combating North Korean Cryptocurrency Theft

  • South Korea and the European Union (EU) met in Seoul to discuss international Cybersecurity strategies.
  • The two sides agreed to strengthen cooperation against major cyber threats, including cryptocurrency theft linked to north korea.
  • The seventh South Korea-EU Cyber Dialogue returned to in-person format for the first time since 2020.
  • Officials emphasized the need to share information and collaborate on cross-border investigations of cybercrime.
  • Both parties acknowledged that cyber threats, especially related to digital currencies, are increasing globally.

Representatives from South Korea and the European Union held a policy meeting in Seoul focused on cybersecurity and responses to major cyber threats. The seventh South Korea-EU Cyber Dialogue took place at South Korea’s foreign ministry, marking the first in-person meeting since the 2020 session was held online due to the COVID-19 pandemic. The main agenda included addressing recent global cyber incidents, particularly the rising trend of cryptocurrency theft connected to North Korea.

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The talks were led by Youn Jong-kwon, Director General for International Security at South Korea’s foreign ministry, and Maciej Stadejek, Director for Security and Defense Policy at the European External Action Service. Both sides agreed to increase coordination on investigating cybersecurity incidents that move across national borders. They specifically highlighted the need to enhance joint actions and share intelligence to help prevent virtual currency thefts.

During the session, officials stated the importance of close cooperation to address significant cyber threats. According to the foreign ministry, "Cybercrime today frequently exceeds one country’s borders, making international collaboration vital for effective responses." The meeting analyzed existing challenges in digital assets, such as cryptocurrency—a form of digital money—being targeted for theft.

The dialogue included discussions on transferring information and best practices between the two governments, strengthening responses to Hacking activities. The participants reaffirmed their commitment to support ongoing efforts to counter global cyberattacks and improve digital asset security.

Additional details emphasized the growing importance of such policy meetings due to the increased use of digital currencies and the sophistication of cybercrimes. Both parties indicated they would continue working together to address evolving cybersecurity risks in line with international standards.

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Photo: YONHAP News

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