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Telecommunications & Media

KT revises board ethics code, introduces semiannual checks for outside directors

KT has revised its board ethics code and updated mandate contracts for outside directors to curb excessive influence. The board added a clause stating outside directors must not exercise influence that undermines fairness or independence in matters such as personnel, business and investment. The revised contract requires compliance with laws and internal rules and allows measures including warnings and recommendations to forgo voting rights or resign. Outside directors will also complete a semiannual self-checklist.

Finance

Korea Credit Data's Cashnote launches AI review management to detect malicious reviews

Korea Credit Data's small business management service Cashnote has launched an AI review management service featuring malicious review detection and reply recommendations. The company said it added an AI comment-management function tailored for small merchants. The service was developed to reduce the burden of managing reviews on delivery platforms and map services. Cashnote's AI filters negative reviews, analyzes sentiment in five levels and provides reply examples in four tones, with daily alerts.

Games & Commerce

Delivery Hero pushes 8 trillion won sale of Woowa Brothers

Germany's Delivery Hero has begun a process to sell Woowa Brothers, the operator of South Korean food delivery app Baedal Minjok, industry sources said on Wednesday. Delivery Hero is seeking about 8 trillion won, a level it said equals about 12 times Woowa Brothers' average operating profit over the past two years. JPMorgan has distributed teaser letters to major domestic and global companies and some private equity funds.