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Finance

Banks in South Korea step up tailored hiring for second half, from regional sales to AI and security

South Korea\'s banks are ramping up open recruitment for the second half of the year, refining hiring by job type rather than selecting general candidates in bulk. Major lenders are keeping a framework focused on finance and sales staffing while carving out separate tracks for regional sales, corporate finance, AI and platform development, information security and accounting. Some are also adding or expanding specialist and global tracks and recruiting experienced professionals alongside entry-level hires.

Finance

Small business sales up 4.5 percent but margins fall for second straight quarter; delinquencies rise

South Korean small business sales rose 4.53 percent in the second quarter from a year earlier, but profit margins fell for a second straight quarter as expenses increased faster, a report by Korea Credit Data showed. Average revenue per business was 47.11 million won, while average spending rose 5.83 percent to 35.22 million won. Delinquent amounts on sole proprietors’ loans rose 4.3 percent from the previous quarter to 15.2 trillion won.

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.