[dasony]

> South Korean banks and other organisations are losing money due to fraud and blackhat activity but there is next to nothing they can do about it.

Do you have any source to back that up? I talked to some security people and they used to tell me, although ActiveX is a pain, we are having much less damage from Internet banking. I'd love to have something that says this isn't the case.

> That and the government's encryption app is closed source and not peer reviewed.

The encryption algorithm itself (SEED) is open and is peer reviewed.