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Finance

P2P lenders gain momentum as rules ease; financial CEO appointments gather pace

Korea\'s online investment-linked finance industry is accelerating mid-rate lending to mid-to-low credit borrowers and sole proprietors after regulatory improvements. The Financial Services Commission plans to raise self-funding investment limits and financial-company linked investment caps, and expand limits for general investors. Major financial institutions are also stepping up CEO selection processes, while regulators tighten oversight of bank asset quality, governance and internal controls. Payment and digital-asset businesses widen partnerships and services.

Finance

Finance network separation rules eased, fueling 140 trillion won fintech investment

South Korea\'s financial authorities expanded the scope of eased network separation rules for AI use to secondary financial institutions and electronic financial business operators. The number of firms to be selected rises to as many as 15, and eligibility thresholds are lowered. Selected institutions can use external AI and security SaaS after putting alternative controls in place. Industry expectations are mixed, with some firms cautious. Global fintech investment rose to $103.1 billion in the first half, with focus expected to shift to AI and financial infrastructure.

Finance

Shinhan Financial launches integrated Shinhan Super SOL one-app platform

Shinhan Financial Group has overhauled its super app strategy into a banking-app-based one-app structure, combining Shinhan SOL Bank and Shinhan Super SOL. It unveiled the integrated platform on Tuesday, shifting from linking affiliate functions to placing banking, securities, card and insurance services in a single app. The group also introduced SOL LINK, combining deposits and stock trading, and added AI-based support and lifestyle content.