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Crypto

NH Investment & Securities sets up digital asset team to prepare STO business

NH Investment & Securities has set up a dedicated organisation to respond to the inclusion of digital assets in the regulated system and the institutionalisation of tokenised securities (STO). It formed a digital asset task force on July 22 to identify business opportunities and build an execution base. The team will operate through Dec. 31, with an option to extend, and will prepare business models and short-term tasks ahead of an STO law due in February.

Finance

NH NongHyup Bank upgrades corporate loan screening, shifts to \'agentic AI bank\'

NH NongHyup Bank is applying artificial intelligence to corporate credit pre-screening, product recommendations and credit review report writing. The bank said it has built an AI-based PASS screening system for the corporate loan review process. It aims for pre-screening accuracy comparable to full reviews, provides customised product recommendations and automates corporate review reports. The bank expects faster and more consistent screening and less repetitive paperwork.

Finance

Financial holding brokerages post about 1.41 trillion won Q2 net profit on brokerage boom

Brokerages under South Korean financial holding groups posted a combined net profit of about 1.41 trillion won in the second quarter, helped by increased stock market turnover, the investment industry said on Thursday. NH Investment & Securities and KB Securities set quarterly record results, while Shinhan Investment and Hana Securities extended growth on higher brokerage income. Woori Investment & Securities posted lower quarterly profit due to higher bad-debt costs.