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Finance

Korean banks received 2.68 million rate-cut requests in first half, up 77 percent

South Korea's banking sector received 2,679,000 requests in the first half of 2026 for loan rate cuts, up 77.0 percent from the previous half, as a mydata-business-based service began. Banks accepted 512,000 cases, up 22.5 percent, but the acceptance rate fell to 19.1 percent from 27.6 percent. Total interest reductions reached 73.43 billion won, up 0.8 percent.

Games & Commerce

Toss Bank posts record first-half net profit of 58.9 billion won

Toss Bank posted a first-half net profit of 58.9 billion won, its highest for any half-year, up 46 percent from a year earlier. Second-quarter net profit rose to 29.4 billion won. Loans outstanding increased 3.3 percent, while policy finance supply expanded and the share of guaranteed loans rose. Deposits fell year on year. Asset quality improved, with delinquencies and NPL ratios lower.

Industry

AI makes up 95 percent of China's short-form dramas, raising job pressure on actors and crews

AI is rapidly replacing actors and production staff in China’s short-form content market, with most popular Douyin animations and dramas now AI-made and production times cut to 1 to 2 days. DataEye counted 89 AI-made titles among Douyin’s top 100 in May 2026, while more than 95 percent of short-form dramas released in China in the first quarter were AI-generated. Industry workers report fewer jobs and lower pay as AI replicas emerge.

All articles List

Korean banks received 2.68 million rate-cut requests in first half, up 77 percent

Toss Bank posts record first-half net profit of 58.9 billion won

AI makes up 95 percent of China's short-form dramas, raising job pressure on actors and crews

Busan regional postal office to aid flood-hit Geoje, Tongyeong with Post Office Shopping promotion

BamITongwi expands home shopping support nationwide, selects 41 firms

G-Star organisers open first pop-up at Hyundai Department Store Pangyo, unveil Kream special pass

Ecopro BM builds all-solid-state value chain from raw materials to materials and cells

KOSPI ends above 6,820 on semiconductor rebound

Enterprise AI adoption hard without security, F5 Korea executive says

Nextrade to introduce volatility interruption to prevent price distortions from small orders

OpenAI holds first Game Builders Seoul in South Korea

MSIT holds Virtual Convergence Academy showcase for AI, XR projects

Clucus to present public sector AX execution strategy at K-ICT Week in Busan

AMAT says AI chip performance hinges on data movement, solution is 3D scaling

Poland coal power share falls nearly 20 points in four years as renewables expand

Hyundai Motor to roll out range-extended EVs in U.S., starting with Santa Fe

Japan National Police Agency pushes to introduce wearable cameras for frontline officers

Musk says SpaceX to cast key gas turbine parts to ease AI power bottlenecks