Search results for Seoul Guarantee Insurance
Finance
FSC cuts rate requirements for mid-interest loans by up to 1.25 points, expands supply
South Korea’s Financial Services Commission is moving to revamp rules to expand lending to mid-credit borrowers as the economic slowdown increases pressure on vulnerable borrowers. It plans to adjust supply criteria for the policy-backed Saitdol loan, cut insurance rates and expand supply. Support for low-credit borrowers will be strengthened separately through policy microfinance, including a rate cut for Haetsal loans. The FSC also plans to lower rate benchmarks for private mid-interest loans by up to 1.25 percentage points.
AI & Enterprise
Finance service developers test Amazon AI coding tool Kiro to fix outages
Amazon Web Services on April 10 held an AI-focused hackathon for finance industry participants, AWS GameDay 2026 for financial companies. KakaoBank’s Kiki404 team won for a second straight year. The competition used scenario-based missions in a sandbox environment, including application outage recovery and modernising legacy Java code. Participants used Amazon Q Developer and Kiro. A total of 96 people from 24 financial firms took part.
AI & Enterprise
For now, cloud AI is the answer even for finance as AI advances fast
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.
