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Finance
KB Kookmin Bank to cut credit loan limits, tighten household lending management
KB Kookmin Bank will temporarily adjust credit loan limits in response to rising household lending. The bank will lower the caps on general credit loans and overdraft accounts to manage household debt more steadily. The measures take effect on June 16. The maximum limit for general credit loans will be 100 million won, while overdraft account limits will be capped at 50 million won. Some products may follow separate standards.
Finance
Dcamp to share five startup cases linking financial services on June 24
Startup growth partner Dcamp will hold its \'Startup OI #Financial Sector\' event with the Korea Fintech Support Center on June 24 at Dcamp Mapo. Five startups — Goi Funeral Research Institute, Terafai, Tnaps, Whatsub and Wello — will present alongside financial institutions\' collaboration managers. They will outline problem-solving processes, data and technology-based synergies, business outcomes and future cooperation plans. Awards will be given for best and outstanding cases after presentations.
Finance
Financial sector overhauls security and consumer protection for AX era
As the financial sector accelerates an AI (AX) overhaul, digital risks such as hacking and voice phishing are emerging as key challenges. Financial authorities are moving to widen AI use by easing network separation rules, while calling for stronger internal controls and consumer protection to address security threats and increasingly sophisticated fraud. The Financial Services Commission held a meeting with major financial groups and related agencies to discuss responses, including upgrading a voice phishing AI platform.
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Crypto
KB Kookmin Bank issues first US dollar digital bond by a Korean bank
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Finance
KB Securities adopts fair trade compliance programme to strengthen compliance culture
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Finance
Won-dollar rate surges to 1,560, raising market jitters
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Fintech
KB Kookmin Bank holds event to mark expansion of KB Youth Club
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Finance
ELS fines cut to 600 billion won after local elections, financial policy in focus
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Finance
KB Kookmin Bank launches terminal purchase subsidy event for small merchants
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Finance
KB Financial donates 10 billion won cooperation fund for SMEs and small merchants
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Finance
KB Kookmin Bank to verify next-generation authentication security technology with Aton
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Crypto
KB Securities signs MOU with Canton, Wavebridge to build digital asset infrastructure
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Finance
KB Kookmin Bank to launch KB veterans benefit remittance check service on June 8
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Finance
FSS to train consumer protection specialists with financial holding firms
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People & Appointments
KB Financial steps up support for national merit recipients ahead of Memorial Day
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Finance
Governance reform, digital assets legislation in focus as financial agenda may accelerate after election
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People
Lee Dong-cheol tapped as next Credit Finance Association chief candidate
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Finance
FSS cuts penalties on banks over Hong Kong H-index ELS to 600 billion won