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Finance

Webcash targets financial AI market, aims for 50 billion won revenue by 2030

Webcash plans to expand its financial AI business around agent banking, fiscal AX and an AI accounting service, and set a goal of reaching 50 billion won in AI revenue by 2030. The company said it held an AI business briefing for major domestic institutional investors in Seoul on July 22 and presented a strategy for five financial AI businesses. Vice Chairman Yoon Wan-soo outlined market entry plans and progress by business line.

AI & Enterprise

Webcash decides to cancel about 680,000 treasury shares to boost shareholder value

Webcash said it filed a disclosure on March 16 on plans to cancel previously acquired treasury shares worth 8.86 billion won. The company said the move is its second shareholder-return measure since 2023, with the cancellation amount about 90 percent larger than the previous one and scheduled for March 31. Webcash said it has pursued shareholder returns through buybacks, cancellations and dividends, while pushing to shift its solutions to AI agent-based offerings.