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Finance

Pinda appoints Ahn Joong-hyun as first chief product officer

Pinda has appointed Ahn Joong-hyun (안중현), a former vice president at Nexthurs, as its first chief product officer, the company said on Wednesday. Ahn has about 20 years of experience in the finance and IT industries, spanning commerce, internet-only banks, financial platforms and blockchain. Pinda plans to use financial data accumulated through its loan comparison service and AI to enhance services from product search to execution and management.

Games & Commerce

KakaoX role shifts after spin-off as it seeks new growth engines

Kakao’s planned spin-off will separate KakaoTalk and AI operations from the remaining company, KakaoX, reshaping KakaoX into a future-value investment company. KakaoX will manage stakes in key affiliates and deploy about 6.4 trillion won in investment capacity to support existing units and invest in new businesses and innovative firms. It will focus on areas such as virtual assets, physical AI and global fandom, while returning part of investment gains to shareholders.

Finance

PG industry moves to jointly counter fraudulent payments to close gap missed by banks\' FDS

South Korea\'s payment gateway industry has moved to a joint response after a security gap emerged in which suspicious transactions that pass financial firms\' fraud detection systems are not blocked at the PG stage. The Financial Supervisory Service and the Korea Fintech Industry Association launched an online fraudulent payment response consultative body on Tuesday with major PG firms, the Financial Security Institute and experts. The body will share cases, draft standard guidelines by November and link them with supervision.