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Finance

Outsider loan fraud hidden as 'normal loans' piles up, raising questions over banks' defences

South Korean banks are strengthening internal controls to prevent financial incidents, but loan fraud involving outsiders continues to surface. Detecting fraud is difficult when loans remain current and are managed as normal credit, or when parties disguise transactions as legitimate. Hana Bank disclosed a 2.42 billion won incident tied to suspected fraud, while recent disclosures by Korea Development Bank and Industrial Bank of Korea were reported to involve the same counterparty.

Telecommunications & Media

LG Hellovision staff trio reshape the company's social media

Three LG Hellovision employees are appearing in the company’s official social media content, creating short-form videos built on memes and workplace themes. The trio said no one ordered them to go on camera, but they began appearing after finding limits with outside performers. Their content helped boost Instagram followers from 856 in January last year to 10,746 as of August and shifted engagement toward younger users. The company also receives customer inquiries through direct messages.

Mobility

Waymo, Zoox test drivers suffer more than 20 injuries over two years from hard braking

Waymo and Zoox test drivers suffered more than 20 injuries in 2024 and 2025 due to sudden movements by autonomous vehicles, including hard braking, TechCrunch reported on Aug. 30, citing filings submitted to the U.S. Occupational Safety and Health Administration. Drivers suffered whiplash and other injuries during abrupt stops, and some were unable to work for months. TechCrunch said similar injuries may have affected other developers’ test drivers.