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Finance

Woori Financial steps up support for youth, middle-to-low credit borrowers with inclusive finance platform launch

Woori Financial Group is expanding financial support for young people and middle-to-low credit borrowers by increasing the supply of policy loans and rolling out new products. It reviewed inclusive finance results and future tasks at a May meeting in Seoul. Woori Bank supplied 218.6 billion won in Saehopeum Holssi loans in the first quarter and provided interest relief and waivers. The group plans to launch a loan-switching product and an inclusive finance platform, while widening regional microfinance support.

AI & Enterprise

SKT model adopted for military AI development as Dokpamo use bears fruit

South Korea\'s Ministry of Science and ICT, the Ministry of National Defense and SK Telecom will work together to use a homegrown AI foundation model in the defence sector. The three signed an agreement on May 14 at SKT\'s Euljiro Tower. The defence ministry will develop a defence-specialised AI model using SKT capabilities from an elite team in the government-led project. Cooperation includes data, testing and GPU support linked to a national AI project.

People & Corporate

SKT invites employees\' families for Children\'s Day event

SK Telecom on Monday invited 350 employee families to its headquarters at SKT Tower in Seoul to mark Children\'s Day. The annual family invitation event has been held jointly by labour and management since 2016. The company set up play, food and activity zones for children and families. CEO Jeong Jae-heon and union chief Jeon Hwan-hee greeted participants, and Jeong handed children honorary junior employee certificates and gifts.