| Mobile Web

Search results for local tax

AI & Enterprise

Conservatives push back against Trump push to minimise AI regulation, exposing Republican rifts

Some conservative activists and Republican figures are increasingly pushing back against U.S. President Donald Trump’s stance of minimising AI regulation. The White House argues regulation could slow development and competition with China, while some conservatives cite safety and cybersecurity risks from advanced models. Opposition has also surfaced over the expansion of AI data centres, with state leaders in Texas and Florida calling for tighter oversight. Residents in West Virginia are also objecting to a large data centre project.

Finance

Shinhan Bank retains Incheon city treasury mandate worth about 17 trillion won

Shinhan Bank won the mandate to remain Incheon’s primary treasury bank in a market worth about 17 trillion won, fending off a challenge from Hana Bank. Incheon said it selected Shinhan as the designated institution for the primary treasury role for 2027-2030, while NH NongHyup Bank was chosen as the secondary treasury bank. The primary treasury manages general accounts, special public enterprise accounts and funds.

Fintech

MyData market to expand as fintech eyes AI loans and finance groups focus on data sharing

Korea’s Financial Services Commission plans to expand MyData beyond individuals to include sole proprietors and small merchants, and to introduce a “My AI Agent” that can carry out financial actions on users’ instructions. The overhaul would integrate financial, commercial and public data for sole proprietors, including sales and tax information. Fintech firms are looking at AI-driven loan execution, while financial groups are focusing on sharing personal credit data among affiliates under revised rules.