Finance

K Bank sets up first consumer protection committee among internet-only banks

K Bank said on Monday it has set up a Consumer Protection Committee, an independent subcommittee within its board, to strengthen consumer protection. The bank said a regular shareholders meeting and board meeting approved the committee’s establishment and operating agenda. It said the move is intended to have the board directly manage and supervise consumer protection beyond complaint handling or compliance checks, enabling a more systematic response to consumer issues in non-face-to-face digital finance.

Games & Commerce

Kakao signs AI innovation MOU with National Pension Service to revamp pension services

Kakao said on Monday it signed a memorandum of understanding with the National Pension Service at the agency’s headquarters in Jeonju to drive AI-based innovation in public services and work transformation. The agreement aims to overhaul public services through public-private AI cooperation and accelerate AI transformation in the public sector. Kakao plans to help create an environment for using pension services and explore ways to apply AI across administrative operations.