Earlier quoted context omitted.
Korea went deeply down the "custom security" rabbithole too, and many banks there still rely on activeX controls and custom encryption algorithms and other insane bullshit that actively impairs security. It seems to be a regional thing (or at least a developing-country thing). https://palant.info/2023/01/02/south-koreas-online-security-... HN discussion: https://news.ycombinator.com/item?id=34231364 https://www.forbe…
South Korea is very much not a developing country and hasn't been one in about 3 decades :-)
The president being jailed a couple years ago for being a chaebol pawn is kind of indicative of the whole thing, and nothing has really changed.
On the other hand maybe that's the shadowrun future in store for us all. ;)