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Finance

Dcamp to share five startup cases linking financial services on June 24

Startup growth partner Dcamp will hold its \'Startup OI #Financial Sector\' event with the Korea Fintech Support Center on June 24 at Dcamp Mapo. Five startups — Goi Funeral Research Institute, Terafai, Tnaps, Whatsub and Wello — will present alongside financial institutions\' collaboration managers. They will outline problem-solving processes, data and technology-based synergies, business outcomes and future cooperation plans. Awards will be given for best and outstanding cases after presentations.

Finance

Shinhan Financial to write off 500 billion won in delinquent debt, expand inclusive finance to 4.5 trillion won

Shinhan Financial Group plans an inclusive finance project worth 5 trillion won, including the write-off of 500 billion won in long-term delinquent debt to support vulnerable borrowers\' recovery. It will also expand inclusive financing for low-income people and small businesses to 4.5 trillion won by bringing forward next year\'s plan. Shinhan will restrict extensions of statutes of limitation on debt and broaden products and credit assessment models to support mid-to-low credit borrowers.

Finance

Mitos puts financial security to the test as network separation easing begins

Single-stock leveraged ETFs and ETNs tied to Samsung Electronics and SK Hynix sharpened semiconductor concentration in South Korea\'s stock market, with first-day turnover topping 10 trillion won. Regulators warned investors about amplified losses. Financial firms also stepped up responses to AI-driven cyber threats as the emergence of high-performance AI \"Mitos\" raised concerns about more sophisticated hacking, prompting authorities to review easing and possible full removal of network separation rules.