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AI & Enterprise

South Korea to launch tailored inspections by personal data risk level

South Korea will begin full-scale, tailored inspections of personal data handling from the second half of this year based on the level of privacy-infringement risk. The Personal Information Protection Commission presented a plan to shift to a prevention-focused personal data management system at a meeting of economy-related ministers on May 22. The government will classify sectors into high, medium and low risk groups and apply differentiated oversight. It will also institutionalise privacy-by-design principles and expand supply-chain controls and related technology research.

Mobility

Estarli unveils Longtail 2.0 electric cargo bike with up to 250 kg payload

British electric bicycle company Estarli has unveiled its new electric cargo bike, the Longtail 2.0, and significantly increased its carrying capacity. The model targets multipurpose demand spanning family transport, grocery runs, commuting and everyday logistics. Estarli raised the maximum payload to 250 kg from 210 kg and added a low-step frame, standard family accessories and expanded storage options, while keeping the drivetrain and optional security service.

Finance

Hana Financial signs deal with Seoul veterinary medical association to expand animal healthcare finance support

Hana Financial Group said on May 4 it signed a strategic business agreement with the Seoul Veterinary Medical Association for mutual cooperation and shared growth. The deal was promoted in response to rising pet-owning households and growth in the animal healthcare market. The two sides will expand cooperation on preferential financial services, tailored financial consulting and joint business development for association members.