Search results for financial consumers
AI & Enterprise
Pinda Savings Bank names Park Yeon-hyun as first CEO
Pinda appointed Park Yeon-hyun, former head of the corporate product division at Toss Bank, as the first chief executive of Pinda Savings Bank, it said on Oct. 23. Park joined Toss Bank in its early days and worked on joint loan products and corporate finance. Pinda plans to pursue a digital savings bank business using financial data and artificial intelligence technology, and link its existing loan comparison and brokerage platform with the savings bank business.
Finance
Bank of Korea pauses rate hikes; focus turns to banks\' deposit and loan rates
The Bank of Korea kept its benchmark interest rate at 3.00 percent, but upward pressure on banks’ lending rates is expected to persist as the impact of earlier hikes feeds into funding costs and the possibility of further increases remains. Some brokerages forecast additional 0.25 percentage point hikes in November and February. COFIX, a key bank funding index, rose sharply in September, which could lift floating-rate mortgage costs and keep borrowers’ interest burdens elevated.
Crypto
FSS warns of scam impersonating Dunamu\'s GIWA blockchain network
South Korea\'s Financial Supervisory Service issued a consumer alert after scammers used a fake blockchain network impersonating Dunamu\'s GIWA to steal digital assets. The regulator said the group spread false claims of a surprise mainnet launch and mimicked technical details such as RPC addresses, chain IDs and bridges to mislead users. It urged users to verify announcements on official developer channels and to suspect bridges or smart contracts claiming support for unreleased networks.
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Finance
Audit 2026: Financial holding companies face \'shadow executive\' row; bank rate and security weaknesses also flagged
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Finance
Audit 2026: Lawmakers rap five big bank CEOs over hacking response, compensation and loan rates
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Finance
Lawmakers criticise banks over interest rates, hacking, IT errors and governance questions at audit
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Fintech
KB Kookmin Bank steps up AI suspicious-transaction detection, police cooperation to block financial fraud losses
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Finance
FSS raises whistleblower rewards to 1 billion won at savings banks, mutual finance
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Finance
Financial sector hit by hacking, security vulnerabilities exposed across the board
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Telecommunications & Media
Tving data leak victims say compensation system must change
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AI & Enterprise
FSS to step up preventive consumer protection, use AI to handle complaints and disputes
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Finance
Korean banks received 2.68 million rate-cut requests in first half, up 77 percent
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Finance
Mid-rate livelihood stability loans spread among non-bank lenders as commercial banks hold back
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Finance
South Korea to expand MyData to sole proprietors, push \'My AI Agent\'
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Finance
Korean banks step up push for foreign customers with dedicated products and specialised networks
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Finance
KB Kookmin Bank launches real-time smishing detection service on KB Star Banking
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Finance
As stock market wobbles, funds return to deposits; banks stir up funding competition
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Finance
South Korea\'s FSC builds consensus on phased rollout of scraping blocking, seeks public MyData alternative