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AI & Enterprise

Hecto Group joins state project to develop AI medical devices for early lung cancer detection

Hecto Group is developing AI medical devices to help detect lung cancer early and predict recurrence through a state-backed digital healthcare project. Its HAI unit joined the OnKoTECT consortium led by Seoul National University Bundang Hospital under the Ministry of Trade, Industry and Energy\'s Bio Industry Technology Development programme. The consortium will receive 15.5 billion won in research funding through December 2030 to develop and commercialise AI for early diagnosis and recurrence prediction of pancreatic and lung cancers.

Finance

Sh Suhyup Bank, Korea Rating Data to co-develop PRISM corporate credit analysis platform

Sh Suhyup Bank will jointly develop a corporate credit analysis platform with Korea Rating Data to assess the financial soundness and potential risks of companies not subject to external audits. The partners signed an agreement to co-develop the PRISM Credit Risk Platform at Korea Rating Data’s headquarters. The platform will combine the bank’s risk management experience with Korea Rating Data’s corporate information and analysis capabilities and include an explainable AI-based machine-learning approach and an expert checklist.

Finance

KakaoPay Securities CEO says it aims to reach 20 million investors within three years

KakaoPay Securities set a goal of reaching 20 million investors within three years by rolling out an AI investment agent and leveraging Kakao affiliate platforms. It plans to launch a service for U.S. investors to invest in South Korean stocks in the first half of next year and is reviewing 24-hour trading through tokenisation. The company also plans to expand investment banking, focus on venture capital and pursue a stock-gifting programme.