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Finance

Small business credit scores to factor in sales, trading areas; 16 banks to apply 2.2 trillion won

A new credit scoring system for small business loan screening will start operating from late August, evaluating future growth potential using data such as sales, local trading areas, employment and online activity in addition to the owner’s past financial history. The scope will expand from 7 banks and 1.8 trillion won to 16 banks and 2.2 trillion won. Authorities also plan to use the model for a dedicated loan product and future guarantee reviews.

Industry

KT pushes commercialisation of remote driving technology with Kia and SUM

KT said it signed an agreement with Kia and autonomous driving technology company SUM at Kia\'s Yangjae headquarters to push the commercialisation of remote driving technology. The partners aim to set up an operating framework to deliver the technology as a service and to identify business models for use in the private and public sectors. They plan work on service operations, data analysis, technology upgrades, exhibitions and legal and institutional groundwork.

AI & Enterprise

Broadcast Media Communications Commission to run 2026 Digital Ethics Week to promote AI ethics principles

South Korea\'s Broadcast Media Communications Commission and the National Information Society Agency will run 2026 Digital Ethics Week through July 26, themed \"With AI, with ethics.\" The organisers prepared participatory online and offline programs to help people experience and practise AI ethics in daily life and online. Offline events will be held across workplaces, travel hubs, leisure spaces and schools, including quizzes, mission activities and education for school managers.