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AI & Enterprise

NH Nonghyup Bank to introduce AI financial secretary in December to support wealth management and jeonse loans

NH Nonghyup Bank is starting development of an AI financial secretary and plans to introduce the service on its mobile banking platform in December, then expand it to face-to-face consultations at branches next year. The bank said it held a project kickoff briefing with its AI-focused subsidiary AgileSoda to build a customer-facing AI agent. Planned functions include wealth management, jeonse loan support and consumer protection information.

Finance

Brokerage stocks extend slide as market stalls; what could drive a rebound

South Korean brokerage shares that surged in the first half are sliding as the stock market weakens. Falling trading value and worries over slower third-quarter earnings are weighing on prices. Daily average trading value in the third quarter fell 41.7 percent from the previous quarter, with ETF and overseas stock trading also declining. The market estimates combined third-quarter net profit at five major brokerages fell sharply year on year. Dividends and shareholder-return policies could support any rebound.

Finance

Shinhan Investment Corp expands cooperation with Japan, Hong Kong and Vietnam

Shinhan Investment Corp is expanding cooperation with financial institutions and capital-market related bodies in Japan, Hong Kong and Vietnam as it accelerates the building of a global investment platform. The company said its CEO Lee Sun-hoon visited the three countries to discuss cooperation on foreigner integrated accounts, wealth management and investment banking. In Hong Kong it signed an MOU with CICC International. In Vietnam it met regulators and exchange officials to discuss market cooperation and investor exchanges.