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Finance

Shinhan Bank to add Seoul child meal card payments to Ttaenggyeoyo from Nov 16

Children aged 14 and over who use Seoul’s child meal card will be able to order food via Shinhan Bank’s delivery app Ttaenggyeoyo from Nov. 16. Shinhan Bank and the Seoul Metropolitan Government will provide coupons worth a total of 6,000 won each month to reduce delivery-fee burdens. Shinhan signed an agreement with Seoul and child welfare organisation ChildFund Korea. The service will run as a pilot from November to December before expanding next year.

AI & Enterprise

Bill proposes youth \'shutdown\' feature for generative AI, letting parents set usage time

A South Korean lawmaker plans to introduce a bill that would require operators of generative AI-based interactive services to provide tools to restrict usage time for minors. Under the proposal, minors or their legal representatives could request limits on usage duration and time slots. Providers would also have to verify users’ age and identity and display warnings and usage history. Companies that fail to comply could face fines of up to 30 million won.

People & Appointments

Hana Securities joins with ChildFund Korea to spread bequest donations using testamentary substitute trusts

Hana Securities will work with ChildFund Korea to promote a culture of bequest donations using testamentary substitute trusts. Hana Securities said it signed an MOU with the child welfare agency to support customers who want to donate assets through such trusts. The brokerage will provide trust design and practical support, including consultations with tax and legal experts. ChildFund Korea will execute and manage designated donations to ensure transparent and effective use.