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Finance

KOSPI recovers 4,100 in intraday trade after AI bubble fears trigger selloff

South Korea's KOSPI, which opened sharply lower amid renewed debate over a bubble in the artificial intelligence industry and caution ahead of U.S. economic indicators due this week, narrowed losses and regained the 4,100 level in intraday trade. The won opened weaker versus the dollar. Foreign and institutional investors were net sellers in the main market, while individuals bought. The KOSDAQ also recovered quickly after an early drop.

Finance

NH Investment Securities launches dedicated website for investment solicitation agents and retirement pension recruiters

NH Investment Securities said on Monday it will build a dedicated website for investment solicitation agents and retirement pension recruiters and open its first phase of services to improve efficiency in sales and administrative work. The site is designed to integrate field management tasks such as customer management, training and inspections, and issuance of various documents into an online environment. It is built as a responsive web service for PCs, tablets and mobile devices.

Finance

Shinhan Bank runs event for Sol Convenient Exchange customers

Shinhan Bank said on Monday it will run a "Winter trip, exchange money for delicious happiness" event through Feb. 28. Customers who exchange and collect eligible currencies via the Sol Convenient Exchange service on the Shinhan SOL Banking app can enter by clicking a participation button on the event page. The bank will draw 1,900 winners for food and beverage vouchers. Top sharers can also win department store gift certificates.