Hana Bank said on March 26 it launched the financial sector’s first “remote AI export document writing guide” service. The AI-based system helps exporting companies prepare key documents needed for letter-of-credit transactions, including commercial invoices, packing lists and bills of lading, in line with letter-of-credit terms and international standards. The system analyses letter-of-credit conditions and reflects them in drafting, aiming to reduce document defects and payment delays.

Woori Bank said on Jan. 5 it will launch a service allowing corporate customers to apply non-face-to-face for an “import cargo delivery guarantee” through corporate internet banking. Importers can enter import transaction information and upload supporting documents instead of visiting branches. Customers can check processing status and results in real time and print the guarantee once review is completed to submit it to shipping companies or agents for faster cargo release. The bank said it also enables other import letter of credit tasks to be handled online.