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Industry
SK Chairman Choi Tae-won checks Ulsan sites three months after AX overhaul declaration
SK Group Chairman Choi Tae-won (최태원) is inspecting the group\'s AI transition progress by visiting SK AI Data Center Ulsan and SK Innovation\'s UlsanCLX on Sept. 10, SK Group said. The visit comes three months after Choi declared an \"AX-centered management overhaul\" at the New Icheon Forum in June. Executives from key affiliates are accompanying him as he reviews implementation of the group\'s \"AI full-stack provider\" strategy from infrastructure to manufacturing AX.
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
MyData market expands as Korea faces impact of consecutive base rate hikes
Korea\'s financial MyData service is set to expand beyond individuals to sole proprietors and small merchants, evolving from simple data checks to executing financial tasks. The Financial Services Commission plans to broaden the right to request transmission of credit information and to introduce a \"My AI agent\". Separately, the Bank of Korea has raised its base rate for a second straight month, adding to upward pressure on loan rates and borrowers\' interest burdens.
