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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

NH NongHyup Financial launches \'NH Financial Hub\' in North Jeolla to support affiliates\' comprehensive finance

NH NongHyup Financial Group launched an \'NH Financial Hub\' in North Jeolla Special Self-Governing Province, bringing together the capabilities of its banking, insurance, securities and asset management affiliates. The group said the hub aligns with the government\'s \'5 poles and 3 special zones\' balanced growth policy and will provide comprehensive financial services for local future strategic industries and companies. It also plans special contributions to regional guarantee funds and will expand cooperation with the National Pension Service and Jeonbuk National University.

Finance

NH NongHyup Financial to pool bank, brokerage and asset management strength to boost retirement pensions

NH NongHyup Financial said on Sunday it will strengthen its groupwide retirement pension business by linking the capabilities of its banking, brokerage and asset management affiliates. It plans to expand the scope of pension services by improving digital pension management convenience and using its agriculture, rural and local community networks. The group cited returns posted by NH NongHyup Bank and NH Investment & Securities, and said it will also use NH-Amundi Asset Management\'s global investment capabilities.