South Korea's president calls for cybersecurity czar after Binance hack

South Korea's President Lee Jae Myung said the country needs a "cybersecurity czar" — a government-wide agency to coordinate responses to cyberattacks — in the wake of the record $6.3 billion Binance hack. Lee argued that AI is raising security concerns across financial institutions and critical infrastructure that warrant a single coordinating body. No details were disclosed on the proposed agency's structure, powers or timeline.