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Finance

Shinhan Bank retains Incheon city treasury mandate worth about 17 trillion won

Shinhan Bank won the mandate to remain Incheon’s primary treasury bank in a market worth about 17 trillion won, fending off a challenge from Hana Bank. Incheon said it selected Shinhan as the designated institution for the primary treasury role for 2027-2030, while NH NongHyup Bank was chosen as the secondary treasury bank. The primary treasury manages general accounts, special public enterprise accounts and funds.

Telecommunications & Media

LG Uplus member to lead Korea\'s WorldSkills cloud team

An LG Uplus employee will serve as coach of South Korea\'s national team in the cloud computing category and as an international expert at the 48th WorldSkills Competition in Shanghai. LG Uplus said Bae Joo-hyuk from its UCube DAX team will take part from Sept. 22 to 27. The competition is held every two years and will draw about 1,400 participants from more than 70 countries and regions.

AI & Enterprise

Tech Insight: Beyond search, building AI that acts will be an advantage rivals cannot copy

Lee Kyung-jong (이경종), head of KB Kookmin Bank and KB Financial Group’s Financial AI2 Center, said AI competitiveness comes from trusted data that agents can act on, not from models. He said most corporate AI still functions as search, requiring staff to verify and enter results. KB is building an environment for “acting AI” by reshaping data around meaning and using an on-demand connection structure on Snowflake, while expanding agent development across front-, mid- and back-office work.