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Finance

Digital asset cross-industry ties spread as top 4 financial groups post 11 trillion won profit era

Big Tech, financial firms and payment companies in South Korea are widening digital-asset initiatives by teaming up with global blockchain companies. Kakao Group and Toss and Toss Bank are working with Circle to review stablecoin-based payment and settlement infrastructure and tokenised financial services. Banks are developing cross-border remittance and payment models. Separately, the top four financial holding groups posted combined first-half net profit above 11 trillion won, while regulators step up group-level oversight of fintech expansion.

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

LG, Koscom to develop EXAONE-based AI service to forecast South Korean stock market

LG AI Research and Koscom said on Tuesday they will cooperate to provide an AI-based analysis service for South Korean financial data. The partners will combine Koscom market and disclosure data with LG’s EXAONE Business Intelligence financial AI agent to build a stock market-focused forecasting and analysis service. They will offer AEFS, a product that predicts four-week price trends and provides commentary explaining the basis for each score.