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Finance

Four major financial groups\' Q1 results split as AI, digital finance spread

South Korea\'s financial sector has entered the first-quarter earnings season, with non-interest income and non-bank units driving diverging results among major financial holding companies. KB Financial Group, Shinhan Financial Group and Hana Financial Group posted record results, while Woori Financial Group recorded a decline. Strong stock markets lifted securities firms\' earnings, and new savings and investment products were launched. The industry is also accelerating a shift toward AI and digital finance, alongside calls for stronger controls and risk management.

Finance

Toss steps up financial fraud prevention training for foreigners with Seoul Global Center

Viva Republica, the operator of Toss, said on April 27 it held financial education for foreign students at Seoul Women\'s University in cooperation with the Seoul Global Center. It said the programme was the first joint initiative proposed by the city-run foreign resident support agency, as financial fraud targeting foreign students has increased. The training covered major scam types, response steps, and safe use of services such as currency exchange and remittances.

Finance

Hana Bank expands cooperation in Vietnam, targets infrastructure finance and QR payments

Hana Bank said it signed a memorandum of understanding in Hanoi to strengthen cooperation on infrastructure projects in Vietnam and overseas. The agreement, involving Vietnam Joint Stock Commercial Bank for Investment and Development and Korea Overseas Infrastructure & Urban Development Corporation, aims to pursue joint projects in infrastructure, energy and urban development. Hana Bank also launched a cross-border QR payment service with its unit GLN, NAPAS and BIDV, enabling QR payments at major tourist destinations in Vietnam.