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Finance

IBK Industrial Bank of Korea adopts AI system to detect misselling of investment products

IBK Industrial Bank of Korea is introducing an AI-based system to check for potential misselling risks that may arise after investment products are sold. The bank aims to raise the level of financial consumer protection by automating its post-sale management process, which had relied mainly on manual work. The system analyses post-sale product data, customers\' investment experience and abnormal transaction patterns to automatically identify potential risk factors.

People & Appointments

KB Kookmin Bank maintains graves at Seoul national cemetery ahead of Patriots and Veterans Month

KB Kookmin Bank visited the Seoul National Cemetery ahead of Patriots and Veterans Month and carried out volunteer work to maintain gravesites. The bank said about 80 employees and family members took part in the activity on May 30. Participants cleaned headstones, removed weeds, collected withered flowers and placed South Korean flags at a total of 1,587 graves. The bank has held the activity regularly each year since signing a sisterhood agreement in 2012.