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AI & Enterprise

Generative AI services near 1 trillion won in payments, raising user protection and operator liability issues

South Korea\'s generative AI services market is expanding rapidly, with business-to-consumer payments expected to exceed 1 trillion won this year. Estimated payments for major services totalled 962.3 billion won in January to August, led by Anthropic and OpenAI. As usage grows, authorities are tightening rules on privacy, operator duties under the AI Basic Act and user protection. Cases of inadequate responses to privacy inquiries have already been identified.

Crypto

What to know when cashing out bitcoin: selling and withdrawal are different

Users seeking to convert bitcoin into U.S. dollars should understand that selling bitcoin and withdrawing dollars are separate steps, Decrypt reported. After a sale converts BTC into dollars, moving those funds to a bank account or debit card requires an additional withdrawal process. Users should confirm the final amount and fees before confirming a trade because prices can change. Withdrawal availability and limits vary by wallet, region and account conditions. Taxes may also apply.

Finance

Shinhan Bank launches SOL Global account and debit card service for foreigners

Shinhan Bank said on Thursday it will roll out an innovative financial service with E9pay to simplify account opening for foreigners living in South Korea. The service links E9pay member information, with customer consent, to Shinhan’s non-face-to-face account opening process to reduce repeated data entry. Language support will also be strengthened using E9pay’s 20 languages and Shinhan’s 16-language services. A regulatory exemption allows E9pay to advertise and broker account opening.