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Finance

KB Financial to join lunch meal support program with agriculture ministry, offering up to 40,000 won monthly discount

KB Financial Group is joining a public-private program with the Ministry of Agriculture, Food and Rural Affairs and local governments to ease lunch costs for small and midsize enterprise workers. Eligible employees who already receive lunch allowances from their companies can get a 20 percent discount on payments at restaurants and other food outlets on weekdays between 11 a.m. and 3 p.m. The monthly discount is capped at 40,000 won per person.

AI & Enterprise

AI-driven layoffs spread as Big Tech shaken by new AI job categories

Hiring in the U.S. tech industry is shifting as artificial intelligence spreads, with companies restructuring jobs around AI and creating new roles. While more firms cite AI as they cut staff, others are hiring to deploy and run generative AI and expand its internal use. New postings include AI communications, on-site engineers, internal AI rollout roles, ethics and safety positions for philosophers, gig-style training work, vibe-coding jobs and executive posts such as chief AI officer.

Finance

K Bank sole proprietor loan balance tops 3 trillion won, up 1 trillion won in six months

K Bank said on May 18 its loan balance to sole proprietors topped 3 trillion won as of May, rising by 1 trillion won in about six months after exceeding 2 trillion won in November. Growth was led by guarantee-backed loans and property-secured loans. The bank said it is expanding cooperation with regional credit guarantee foundations and local governments and has launched a Seoul-linked overdraft-style guarantee loan product.