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Finance

Jeju Bank joins pilot AI-based credit scoring model for small merchants

Jeju Bank said on April 14 it will take part in a Financial Services Commission pilot programme for an AI-based credit scoring model tailored to small merchants. It said it is the only regional bank among seven participating lenders. The commission plans to complete rule changes and system development by August and begin SCB-based loan screening with pilot operators, with plans to expand participation across the financial sector.

AI & Enterprise

Samsung SDS opens generative AI system for National Assembly to support data-driven parliamentary work

Samsung SDS said on Tuesday it completed the first phase of a project to build the National Assembly Big Data Platform, dubbed AI National Assembly, and officially opened the National Assembly AI legislative support platform. The system is a generative AI service for the National Assembly that supports search, analysis and drafting. Samsung SDS expects data-driven parliamentary work to accelerate as about 5,000 users access data linked with 320 institutions.

Games & Commerce

Webtoon Entertainment integrates global operations, creates CBO role

Webtoon Entertainment said on Tuesday it announced new leadership and created a chief business officer role. The reorganisation integrates region-based operations into a global leadership structure to improve business efficiency. It appointed Chae Yu-gi as chief product officer and hired Yeon Go-eun as the new CBO. CFO David Lee will also serve as Wattpad president. The company will abolish its COO and CTO roles and made new AI and IP appointments.