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Nam Gi-cheon (남기천) joins campaign to eradicate illegal youth gambling
Woori Investment Securities said on Thursday that its CEO Nam Gi-cheon (남기천) has joined a relay campaign to eradicate illegal gambling among teenagers. The campaign, launched in 2024 under the supervision of the Seoul Metropolitan Police Agency, is being carried out in relay form across various sectors. Nam took part after being nominated by Choi Seung-jae and nominated Shin Ho-chul as the next participant.
Finance
Oil and forex risks mount as South Korea steps up internet bank IT controls
South Korea is facing compounded pressure from higher oil prices, a weaker won and rising inflation, with the won-dollar rate nearing 1,540 and oil product prices up about 10 percent from a year earlier. The central bank is expected to hold rates this month, but prolonged price and currency pressures could raise the possibility of a second-half hike. Authorities have tightened household debt controls and pushed market reforms, while the Financial Supervisory Service has urged stronger IT internal controls at internet banks.
Finance
Brokerages upgrade AI-based mobile trading apps, but frequent outages remain task
South Korean brokerages are adding AI-driven features to mobile trading systems, including market summaries, stock reports, video content and real-time issue analysis. Firms cited include Kiwoom Securities, Woori Investment & Securities, Toss Securities, Shinhan Investment Corp and Daishin Securities. The push has also raised expectations that MTS could evolve beyond trading into a broader platform. Persistent system outages and strained call-centre access remain key problems, as regulators warn of penalties for failures tied to weak internal controls.