No Kyung-hoon (노경훈), head of financial business at Amazon Web Services Korea, said there are no technical or regulatory problems with using cloud in finance and that AI will accelerate cloud adoption. He said building AI infrastructure in internal data centres can become a burden as AI changes quickly and new technology may be hard to use on existing systems. He cited a survey of about 150 firms showing around 60 percent use or plan cloud because of AI.

Toss Insurance said on March 30 it approved the reappointment of its incumbent CEO, Cho Byung-ik (조병익), at a regular shareholders meeting held on March 27. His new term will run for 2 years from April 1. Cho took office in 2019 and, after two reappointments, will lead the organisation for 10 years through 2028. The company said shareholders’ decision reflects trust in his leadership.