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.

- Advertisement -

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.

Photo: YONHAP News

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest

Trump Media Secures SEC Nod for $2.3B Bitcoin Treasury Deal

Trump Media and Technology Group received approval from the U.S. Securities and Exchange Commission (SEC) for its registration statement related to a major Bitcoin...

Seven Solana ETF S-1s Filed; Approval Unlikely Next Week: Analyst

Seven asset managers filed updated S-1 registration statements for spot Solana exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC) on June...

Ripple CEO: XRP Could Capture 14% of SWIFT Payments by 2030

Ripple CEO predicts XRP could handle up to 14% of SWIFT’s current cross-border payment volume by 2030.XRP aims to improve liquidity and reduce the...

Ether Price Drops 15% Amid Middle East Tensions and Profit Taking

Ether dropped nearly 15% in under 48 hours, reaching about $2,450 after nearing $2,875 the previous day.Rising tensions between Iran and Israel triggered widespread...

GameStop Raises $2.25B in Notes, Buys Bitcoin as Shares Drop 24%

GameStop increased its convertible senior notes offering to $2.25 billion from the previous $1.75 billion. The company’s shares dropped 24% over the week, ending at...

Must Read

The 10 Best Crypto Podcasts You Can’t Miss

Table of ContentsBest Cryptocurrency Podcasts To Add To Your Playing List1. The Money Movement2. The Crypto Conversation3. The Pomp Podcast4. What Bitcoin Did5. The...