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Finance

Four major financial groups\' Q1 results split as AI, digital finance spread

South Korea\'s financial sector has entered the first-quarter earnings season, with non-interest income and non-bank units driving diverging results among major financial holding companies. KB Financial Group, Shinhan Financial Group and Hana Financial Group posted record results, while Woori Financial Group recorded a decline. Strong stock markets lifted securities firms\' earnings, and new savings and investment products were launched. The industry is also accelerating a shift toward AI and digital finance, alongside calls for stronger controls and risk management.

Finance

Korea Credit Data launches \'Cashnote Store Transactions\'

Korea Credit Data said on Tuesday it launched a store transaction service, \'Cashnote Store Transactions.\' The company said store transactions have faced information asymmetry because key operating data such as sales, number of regular customers and cost structures were hard to verify. The service allows store information to be registered based on operating indicators including actual sales and reviews. Users can search listings by conditions such as region and sector and receive recommendations.

AI & Enterprise

Finance service developers test Amazon AI coding tool Kiro to fix outages

Amazon Web Services on April 10 held an AI-focused hackathon for finance industry participants, AWS GameDay 2026 for financial companies. KakaoBank’s Kiki404 team won for a second straight year. The competition used scenario-based missions in a sandbox environment, including application outage recovery and modernising legacy Java code. Participants used Amazon Q Developer and Kiro. A total of 96 people from 24 financial firms took part.