Finance

Supply chain reshuffle, tech rivalry deepen; call grows for more precise financial policy

Calls are growing to redefine the roles of policy finance and private finance and to change not only the scale of funding but also how it is allocated, as supply chain uncertainty and technology rivalry intensify. Speakers at a Seoul seminar said financial policy should be refined to support strategic industries, small manufacturers and early-stage innovators. They also cited the need to expand direct finance and venture capital, improve exit markets and strengthen expertise at financial institutions.

AI & Enterprise

Woori Bank launches AI-based inclusive debt diagnosis service

Woori Bank has launched an AI-based service that diagnoses customers’ debt conditions and provides tailored financial solutions. The service combines MyData and AI to help customers check their debt burden and find ways to improve it. It analyzes loan interest rates, KCB credit scores and repayment burden relative to income, presenting results in three stages. It also offers customized measures by age group and financial situation.