The review of South Korea’s countermeasures came after North Korea claimed it had two satellites in an “ideal altitude” to launch an EMP attack on the US earlier this year.
EMP bombs can jam and damage high-tech defence systems and wreak havoc on communications networks and electrical grids.
South Korea has repeatedly come into the crosshairs of the war of words between Kim Jong-un and Donald Trump over its alliance with the US.
And last month the nation’s President Moon Jae-in ordered South Korean officials to review the country’s preparedness against new types of threats from North Korea, including EMP weapons and biological threats.
As a result, South Korea’s financial authorities have been reviewing countermeasures, an official confirmed on Monday.
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An official at the Financial Services Commission (FSC) said the organisation has been in discussions with representatives from banks and other financial institutions in a bid to combat the danger posed by North Korean EMP weapons.
One of the potential countermeasures put forward was to build facilities with an EMP shield.
The news comes amid fears the US and North Korea are on the brink of triggering World War 3 as Trump and Kim continue to escalate tensions.
On Saturday the President tweeted: “Presidents and their administrations have been talking to North Korea for 25 years, agreements made and massive amounts of money paid hasn’t worked, agreements violated before the ink was dry, makings fools of US negotiators.
“Sorry, but only one thing will work!”
North Korea later responded “no force on Earth” can stop Kim Jong-un’s regime as it continues to advance its nuclear weapons programme.
The rogue state conducted its sixth nuclear test last month after it detonated a hydrogen bomb and sparked a 6.3 magnitude earthquake from its blast.
The despotic nation also blasted South Korea as a “puppet” of US “imperialists” and in its latest outburst claimed a treaty between the two nation would be used to “trigger a war of invasion into North Korea at any time”.
Earlier this year former CIA Director James Woolsey warned that North Korea had the capacity to launch an EMP attack.
He said: “A single warhead delivered by North Korean satellite could blackout the national electric grid and other life-sustaining critical infrastructures for over a year — killing nine of 10 Americans by starvation and societal collapse.
“Launch a crash program to harden against EMP attack the US electric grid to preserve American civilisation and hundreds of millions of lives.
“This could be part of President Trump’s infrastructure modernisation project.”