English < Article List - DigitalToday

All articles List

Finance

KB Kookmin Bank to cut credit loan limits, tighten household lending management

KB Kookmin Bank will temporarily adjust credit loan limits in response to rising household lending. The bank will lower the caps on general credit loans and overdraft accounts to manage household debt more steadily. The measures take effect on June 16. The maximum limit for general credit loans will be 100 million won, while overdraft account limits will be capped at 50 million won. Some products may follow separate standards.

Finance

KOSPI reclaims 8,100 as foreigners turn net buyers for first time in 24 sessions

South Korea's KOSPI rose more than 4 percent on June 12 to reclaim the 8,100 level, supported by gains in U.S. stocks and strength in semiconductor shares. Foreign investors turned net buyers for the first time in 24 sessions since May 7, while institutions also bought. The Kosdaq climbed more than 3 percent to finish above 1,000. The won weakened slightly against the dollar.

Finance

BoA CEO says accuracy tops cost in finance AI

Bank of America CEO Brian Moynihan said accuracy is the top priority for artificial intelligence strategies in banking, rather than efficiency or cost cutting. He said mistakes in customer-facing answers can directly affect trust, leaving little room for error and requiring extensive system building and validation. The bank has invested about $250 million in new AI deployments this year and runs AI assistant Erica, used by millions of customers and employees.