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Games & Commerce

Kakao steps up AI ethics governance, launches external advisory panel

Kakao said on Wednesday it has launched an external advisory panel under its AI and technology ethics subcommittee to strengthen its AI ethics governance. The move aims to pre-empt potential social risks from the spread of agentic AI and to establish internal policies in line with fast-changing domestic and international environments, including Korea’s AI basic law and global AI safety regulation. The panel consists of seven external experts spanning academia, law and an international organisation.

Finance

Digital asset cross-industry ties spread as top 4 financial groups post 11 trillion won profit era

Big Tech, financial firms and payment companies in South Korea are widening digital-asset initiatives by teaming up with global blockchain companies. Kakao Group and Toss and Toss Bank are working with Circle to review stablecoin-based payment and settlement infrastructure and tokenised financial services. Banks are developing cross-border remittance and payment models. Separately, the top four financial holding groups posted combined first-half net profit above 11 trillion won, while regulators step up group-level oversight of fintech expansion.

Crypto

Kakao Group, Circle cooperate on digital asset infrastructure including won stablecoin

Kakao Corp, Kakao Pay and KakaoBank will work with global fintech firm Circle to review building blockchain-based payment and settlement infrastructure, including a won stablecoin. Kakao Group said it signed a strategic cooperation agreement with Circle Internet Group on digital asset technology. The two sides plan to seek business opportunities in payments, settlements and digital asset links, and review won-based digital assets and tokenised financial services in line with domestic regulatory and market changes.