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Finance

WebCash joins IBK Industrial Bank of Korea digital platform and AI banking build

WebCash has won an 8.72 billion won project to revamp IBK Industrial Bank of Korea\'s digital banking, building a digital platform, global banking and AI-based services with LG CNS and Finger. The company said it signed a supply contract with IBK System for the first phase of the IBK digital banking rebuilding project. The work is the first step in a three-stage roadmap and aims to lay a foundation for expanding services and follow-up platform construction.

AI & Enterprise

ITCEN Croit unveils CENCUE billiards brand, targets sports tech hub

ITCEN Croit is accelerating plans to build a Sports Tech Hub starting with billiards. It unveiled its new billiards business brand, CENCUE, and will target the offline market through its directly operated stores and space brand, CENCUE Lounge. The company made a strategic equity investment in scoreboard and digital platform firm CUESCO and plans to combine CUESCO’s billiards infrastructure with ITCEN Group capabilities in AI, cloud and global sports IT.

AI & Enterprise

South Korea\'s 2024 digital industry sales rise 9.3 percent to 1.378 trillion won

South Korea’s digital industry posted sales of 1.378 trillion won in 2024, up 9.3 percent from a year earlier, a government survey showed. The sector accounted for 15.2 percent of total industry sales of 9.038 trillion won and rose by more than 100 trillion won for a second straight year. Digital-based industries led sales, while digital-related industries fell 3.1 percent. Digital maturity rose to 75.4 percent.