Banks in S. Korea fear electromagnetic pulse attack from N. Korea

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Concerns are mounting among banks in South Korea that an EMP attack by North Korea could have a devastating impact and destroy their country’s financial institutions and infrastructure.

An electromagnetic pulse attack by North Korea, caused either by a nuclear blast or a pulse weapon, would immediately bring South Korean banks to a halt, The Sun reported.

In the past, South Korea has endured multiple hacking attacks from North Korea, and they are growing concerned that their banking institutions will be hit next, having been warned that it is “highly likely” their northern neighbor will carry out such an attack in the coming weeks.

The Korea Herald reported that the concerned financial institutions are considering establishing data centers outside the country, as well as planning to build reinforced facilities designed to stand up against a potential EMP blast.

“Current regulations prohibit the transfer of client information overseas, so we are discussing ways to revise those rules so we can set up data backup centers abroad,” a financial official reportedly stated.

An electromagnetic pulse attack’s voltage surges can destroy electronic equipment and completely corrupt all data stored electronically.

Since North Korean dictator Kim Jong-Un is known to strike on anniversary dates, there are two upcoming dates that have South Korea concerned.

October 10 is the 72nd anniversary of the founding of the ruling Workers’ Party of Korea, and on October 18, the Communist Party of China is scheduled to open its 19th National Congress.

Kim’s regime has also threatened to launch an EMP attack against the United States. North Korean state news threatened earlier this month that it could hit the U.S. with a hydrogen bomb, which, when detonated at a high altitude, would create an EMP that could potentially abolish prominent parts of our electrical grid.

On Thursday, the North Korean media put out an announcement that nearly 5 million citizens have enlisted or re-enlisted in North Korea’s military to help “bring fire” to the United States.

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