South Korea's Financial Services Commission (FSC) reported that its AI-based Phishing Sharing and Analysis Platform (ASAP) prevented 66.4 billion won ($47.6 million) in financial losses from voice phi…
Samsung SDS said nine central government ministries in South Korea have confirmed plans to adopt its AI-powered collaboration platform, Brity Works, as of this month, following the Ministry of Finance…
The Korea Insurance Institute's artificial intelligence joint venture has drawn criticism from insurance industry officials over its legality and business rationale, with questions raised about the ve…
On August 11, the Korea Insurance Institute announced plans to use AI to generate 100% of the questions for the upcoming August Certified Full Sales Competency Exam, while its proposed AI development …
South Korea is launching a 150 billion won ($101 million) K-Culture Value-up Fund to finance large-scale culture projects, with 30 billion won coming from the government's National Growth Fund for the…
South Korea's Ministry of Culture, Sports and Tourism and the Financial Services Commission announced a 150 billion won ($108 million) K-Culture Value-Up Fund to pair AI with creative arts and sustain…
Leveraged exchange-traded funds have become a dominant force in South Korea's stock market, amplifying volatility in semiconductor giants Samsung Electronics and SK Hynix as retail and institutional m…
South Korea will pilot tokenized government bonds linked to the Bank of Korea's CBDC infrastructure in 2027, as part of its 2026 Economic Growth Strategy. The government also plans to invest approxima…
Financial Services Commission Chairman Lee Eok-won announced plans to fully lift network separation requirements for financial institutions with sufficient AI and cybersecurity capabilities, citing th…
South Korea's National Growth Fund will scale up investment in the physical AI sector, with LS Cable & System Ltd. named as the first recipient, according to Financial Services Commission Chairman Lee…
South Korean insurers and the Financial Supervisory Service are facing increased complaint volumes and processing burdens due to generative AI tools being used to draft submissions. Complaints filed w…
The Financial Services Commission announced Thursday that it will strengthen interagency cooperation and upgrade fraud detection systems to combat new forms of online phishing, including romance scams…