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Finance

Korean stocks see record volatility on Middle East risks; AI race accelerates

South Korean stocks are seeing sharp swings as Middle East geopolitical risks broaden, raising the prospect of a prolonged war and pushing up oil prices and uncertainty in global markets. Extreme intraday moves have repeatedly triggered buying and selling sidecars. Financial groups and banks are reshaping governance ahead of annual meetings and stepping up efforts to expand women’s leadership. The industry is also accelerating AI-driven digital transformation across banking, payments and financial content.

Finance

Woori Financial holds Women Leaders Networking Day to strengthen diversity-based leadership

Woori Financial Group held a Women Leaders Networking Day at its headquarters in central Seoul on March 6, inviting female leaders from across the group. About 80 female department heads from 17 affiliates, including Tongyang Life Insurance and ABL Life Insurance, gathered together for the first time. The event was designed to spread a culture that respects diversity and to respond proactively to ESG assessments. Speakers included Park Myung-shin (박명신) of Woori Card and Choi Ji-eun (최지은) of Meta.