Search results for World Bank
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 shares digital finance operations with Philippines central bank, World Bank
Viva Republica, operator of South Korean fintech app Toss, said a delegation made up of officials from the Philippines central bank and the World Bank visited Toss on April 22 to review its digital financial services operations. The visit was part of a payment system training programme hosted by the Korea Financial Telecommunications and Clearings Institute. The delegation examined Toss’ one-app structure and risk management, including transaction monitoring and an AI-based fraud detection model.
Telecommunications & Media
Science ministry, Madagascar and World Bank step up K-blockchain overseas push
South Korea\'s Ministry of Science and ICT said on Feb. 10 it held a meeting at the Korea Internet and Security Agency in Seoul with a delegation from Madagascar\'s Ministry of Digital Development, Transformation, Posts and Telecommunications and World Bank officials. The sides discussed cooperation on blockchain-based digital transformation and reviewed Korean applications including DID-based mobile IDs and digital-currency voucher management platforms. They also discussed linking Korean blockchain and AI technology to World Bank-backed projects in Madagascar to expand overseas business opportunities.