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Finance
IBK Industrial Bank of Korea adopts AI system to detect misselling of investment products
IBK Industrial Bank of Korea is introducing an AI-based system to check for potential misselling risks that may arise after investment products are sold. The bank aims to raise the level of financial consumer protection by automating its post-sale management process, which had relied mainly on manual work. The system analyses post-sale product data, customers\' investment experience and abnormal transaction patterns to automatically identify potential risk factors.
Crypto
Dunamu runs Upclass Junior quiz competition for teenagers
Dunamu will run a quiz competition to help teenagers improve their understanding of digital finance. The operator of the Upbit digital asset exchange said on May 25 it will hold the Upclass Junior Quiz Competition to expand digital finance literacy among teenagers. The contest runs for about seven weeks from May 18 to July 3 for students from 62 schools that took part in Upclass Junior’s first semester.
Finance
Toss Bank launches first living expense protection account among internet-only banks
Toss Bank launched a \"Toss Bank Living Expense Protection Account\" that it said is the first among internet-only banks to protect minimum living expenses even during seizure procedures. The bank said the product supports customers and families facing financial difficulties. Up to 2.5 million won, the legal minimum monthly living expense level, is protected from seizure. Customers can open only one account across all financial institutions. The account offers a debit card, cashback and up to 30 free monthly ATM transactions.
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Telecommunications & Media
LG Uplus speeds shift to non-face-to-face home services
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Games & Commerce
Going beyond Korea, localisation key to global sales for online mall startups
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Games & Commerce
GS Caltex joins Naver Plus Membership, offering up to 5,000 points a month
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Games & Commerce
Convenience store industry seeks breakthrough by strengthening private brands amid slowing growth
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Crypto
Hana Bank partners with Bank of Korea, BGF Retail to test digital payments at CU convenience stores
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AI & Enterprise
Deeping Source targets 17 billion won annual sales on Japan anonymisation gains
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Finance
Hana Financial launches \'One Pick\' account and card for minors
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Industry
Coupang expands online and offline gift card sales channels to cement user recovery
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Industry
Dairy industry enters second round of \'protein war\' with higher content, derivative products
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Industry
Orion to cut prices of three products by average 5.5 percent
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Industry
Namyang Dairy expands two-track push in Asia with protein drinks and infant formula
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AI & Enterprise
How far has Google Nano Banana 2 come? Fact check with five tests
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Games & Commerce
eBay says eGS users rose 91 percent last year on cross-border sales growth
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Mobility
China pushes \'moving\' EV charging stations with overhead rail robots
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Games & Commerce
Quick commerce booms, blurring lines between convenience stores, supermarkets, e-commerce and delivery apps