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Finance

Four major financial groups\' Q1 results split as AI, digital finance spread

South Korea\'s financial sector has entered the first-quarter earnings season, with non-interest income and non-bank units driving diverging results among major financial holding companies. KB Financial Group, Shinhan Financial Group and Hana Financial Group posted record results, while Woori Financial Group recorded a decline. Strong stock markets lifted securities firms\' earnings, and new savings and investment products were launched. The industry is also accelerating a shift toward AI and digital finance, alongside calls for stronger controls and risk management.

Industry

South Korea, Vietnam to step up science and technology cooperation, masterplan unveiled

South Korea will move to expand cooperation with Vietnam in advanced fields such as artificial intelligence, semiconductors, secondary batteries and biotech. The Ministry of Science and ICT and the foreign ministry held a Korea-Vietnam science and technology innovation forum in Hanoi with Vietnam’s Ministry of Science and Technology and shared a masterplan for mid- to long-term cooperation. The masterplan focuses on follow-up support for VKIST, joint research, talent development and infrastructure.

AI & Enterprise

Lablup wins presidential citation at 2026 government awards for information and communications merit

Lablup said it won a presidential citation at the 2026 government awards for information and communications merit at a ceremony hosted by the Ministry of Science and ICT in Seoul. The award recognises organisations and individuals that contributed to the development of the information and communications industry. Lablup said it was recognised for contributions to AI development and dissemination and to creating quality jobs through its proprietary AI infrastructure operations platform technology.