South Korea has launched a new cybersecurity body to coordinate the domestic response to North Korea cryptocurrency theft that funds its nuclear ambitions and other threats, following a wave of major breaches targeting official networks.

The ROK presidential office announced the launch of the new National Cybersecurity Council in a press release on Wednesday after a meeting of representatives from 14 ministries and agencies, including the National Intelligence Service (NIS).

With the NIS acting as an advisory body, the new council will focus on tasks including monitoring the implementation of the government’s cybersecurity policies and is intended to serve as