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Finance

PG firms team up to block fraudulent payments, rate hike fallout in focus

South Korea\'s fintech sector is expanding payment infrastructure while strengthening security and user protection. The Financial Supervisory Service and the Korea Fintech Industry Association launched a consultative body with major payment gateway firms to curb suspicious transactions. The Bank of Korea raised its policy rate to 2.75 percent, the first hike in 3.5 years, prompting tighter household lending management. Authorities also plan higher deposits and trading units for single-stock leveraged ETFs.

Finance

NHN KCP joins global agentic AI cooperation body AAIF

NHN KCP said on July 13 it has joined the Agentic AI Foundation (AAIF), a global cooperation body in the agentic artificial intelligence field. The organisation supports open standards and interoperable infrastructure so agentic AI can be used in real services. AAIF currently includes about 200 global companies and institutions, including Microsoft, Google, Amazon Web Services and Stripe. NHN KCP plans to discuss standardisation for AI agent-based payment infrastructure.

Finance

Cucon joins global Agentic AI Foundation to expand payments and data business

Cucon will take part in global discussions on standardising AI agents by joining the Agentic AI Foundation (AAIF) as a silver member, it said. AAIF is a Linux Foundation consortium with more than 180 participating companies including Anthropic, OpenAI, Google, Microsoft, Circle, Tron and Stripe. Cucon plans to join working groups on AI agent payments and MCP-based data, and to expand global payments, stablecoin and AI-based data businesses.