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Finance

Low PBR firms ranked near bottom for 3 years to be disclosed; first list in November

South Korea will for the first time in November disclose a list of listed companies whose price-to-book ratios have stayed near the bottom of their industries for three years. The Financial Services Commission and Korea Exchange set the threshold at the bottom 25 percent for KOSPI and the bottom 10 percent for KOSDAQ, based on semiannual calculations by industry. Firms can receive a one-year exemption if they disclose value-up plans including low-PBR improvements, with limits.

Finance

KB Financial Group develops Gemini-based work, customer service AI to accelerate AX

KB Financial Group is pushing a group-wide AI transformation using Google Cloud’s generative AI and cloud technology. It plans to deploy a data analysis agent to support employees and a conversational agent for customer consultations. The company said it is expanding strategic cooperation with Google Cloud in AI and data, covering AI-driven work innovation, improved customer financial experiences, data-based decision-making and building an AI financial platform.

Finance

Hana Bank expands \'Hana The Next Lounge\' to regions, opens first hub in Daegu

Hana Bank is opening its first regional senior-focused channel in Daegu and plans to expand related services nationwide. The bank opened the \'Hana The Next Daegu Jungang Lounge\' in Namsan-dong, Daegu, and said it will build a total of 11 lounges in major areas across the country, including Seoul, by year-end. The lounge will provide wealth management and retirement planning services, along with programmes linked to local cultural and welfare institutions.