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Finance

Capital market rules tighten as MyData programme expands

South Korean financial authorities are accelerating efforts to tighten capital market discipline, pledging tougher action against illegal practices aimed at avoiding delisting and pushing for timely exits of so-called zombie firms. Korea Exchange will introduce rules from July to delist penny stocks and raise standards for dealing with weak companies. Regulators also plan to curb duplicate listings and tighten reviews. Some decisions, including Hong Kong ELS fines and Samsung Securities approvals, remain delayed.

Finance

KB Kookmin Bank upgrades AI-based KB video consultation service

KB Kookmin Bank said on Thursday it has upgraded its AI-based KB video consultation service to help prevent financial incidents that may occur in non-face-to-face banking and to improve customer convenience. The service, offered on KB Star Banking, allows customers to consult and subscribe via video calls for products including deposits, savings, funds, discretionary ISAs and individual IRPs. The upgrade strengthens consumer protection through real-time face and ID checks and improves mobile guidance sharing and form transmission speed.