| Mobile Web

Search results for digital finance

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

K-Capital Market Forum launches to identify global and digital competitiveness tasks

A new consultative body has been launched to draw up a 10-year growth strategy for South Korea\'s capital markets, focusing on identifying long-term tasks and building a policy roadmap. The Korea Financial Investment Association held the launch ceremony for the K-Capital Market Forum in Seoul on April 27. The forum will meet monthly from May, compile results into a policy report after a year of discussions, and submit it to the government and parliament in the first half of 2027.

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.