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Finance

Shinhan Bank to launch New Hope Holssi virtuous-cycle inclusive finance programme

Shinhan Bank said on Tuesday it will launch a New Hope Holssi virtuous-cycle inclusive finance programme from Feb. 6 to improve financial access and expand support for financially vulnerable groups. The programme targets low-credit customers in the bottom 20 percent by KCB standards and converts their high-interest unsecured loans at Shinhan into long-term installment New Hope Holssi loans. It applies a fixed annual rate of 6.9 percent for up to 10 years.

AI & Enterprise

WorksAI and DeepSearch to co-develop finance-focused AI agent

AI3, which runs the workplace AI portal WorksAI, said on Monday it signed a strategic partnership with financial data specialist DeepSearch and agreed to develop a finance and accounting AI agent. The plan is to integrate DeepSearch’s finance and accounting data into the WorksAI platform. AI3 said the partnership aims to address generative AI hallucination issues in financial information such as revenue and disclosure data.

People

Woori Bank donates 1 billion won to KIST Future Foundation to nurture science and technology talent

Woori Bank donated 1 billion won to the KIST Future Foundation, an affiliate of the Korea Institute of Science and Technology, to support science and technology development and the training of next-generation researchers. The bank said the fund will be used to develop researchers tackling national and social challenges, find and support promising early-career researchers, run scholarship programmes and operate science and technology education programmes for developing countries.