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Finance

Woori Financial nine-month net profit falls 4.93 percent to 2.66 trillion won

Woori Financial Group said nine-month net profit fell 4.93 percent from a year earlier to 2.66 trillion won, reflecting a base effect from one-off gains tied to an insurer acquisition last year. Third-quarter net profit rose 4.4 percent from the previous quarter to 1.05 trillion won, marking a second straight quarter above 1 trillion won. Nine-month net operating revenue rose 6.2 percent to a record 8.68 trillion won.

AI & Enterprise

Douzone Bizon teams up with law firm Sejong on AI governance and compliance market

Douzone Bizon said on Thursday it signed a memorandum of understanding with law firm Sejong to cooperate in AI governance and compliance. The partners plan to jointly respond to demand for legal advice on AI governance, compliance, building security systems and managing legal risks as companies pursue AI transformation. Sejong will provide advice on AI-related laws and regulations, compliance and security frameworks, and risk assessment and control systems. Douzone Bizon will build governance and security systems and dashboards and support technical implementation linked to ERP and other business systems.

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.