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AI & Enterprise

NH Nonghyup Bank to introduce AI financial secretary in December to support wealth management and jeonse loans

NH Nonghyup Bank is starting development of an AI financial secretary and plans to introduce the service on its mobile banking platform in December, then expand it to face-to-face consultations at branches next year. The bank said it held a project kickoff briefing with its AI-focused subsidiary AgileSoda to build a customer-facing AI agent. Planned functions include wealth management, jeonse loan support and consumer protection information.

Finance

September household loans fall 2.2 trillion won, first net drop this year

Household loans across South Korea’s financial sector fell 2.2 trillion won in September from a month earlier, the first net decline this year, as other loans including credit loans dropped sharply while mortgage loan growth slowed. The Financial Services Commission said mortgage loans still rose 3.3 trillion won, and authorities will maintain a household debt management stance through year-end. Measures also include changes to Bogeumjari Loan income rules and expanded youth jeonse loan guarantees.

People

Shinhan Bank CEO Jung Sang-hyuk joins relay campaign to prevent illegal private lending

Jung Sang-hyuk (정상혁), CEO of Shinhan Bank, has joined a relay campaign aimed at preventing damage from illegal private lending and protecting financially vulnerable people. Shinhan Bank said on Oct. 12 that Jung took part in the “Finance that saves lives” campaign led by the Korea Inclusive Finance Agency. Jung joined after being nominated by K Bank CEO Choi Woo-hyung and urged a stronger role for finance.