AI banking

South Korea’s central bank governor on Thursday flagged a possible policy rate hike before the end of the year as the domestic economy recover...

There have been near-endless debates regarding the “proper valuation” of KakaoBank, South Korea’s largest internet-only bank that ...

Artificial intelligence-based learning platform Riiid Inc. has raised $175 million from SoftBank Vision Fund 2, the South Korean company said on May...

South Korean fintech startup Toss is seeking to raise 200 billion won ($177 million) in fresh funding, which would almost treble its valuation to 8 ...

South Korea’s first internet-only bank, K Bank, will be raising 1.2 trillion won ($1.05 billion) from existing and new investors for business ...

Hyundai Construction Equipment Co. (Hyundai CE), an affiliate of Hyundai Heavy Industries Holdings Co., said on May 17 that it has jointly developed...

South Korea’s LG Group will spend about 120 billion won ($106 million) over the next three years to establish a massive high-performance compu...

South Korea’s platform giant Naver Corp. is taking the leap into the digital currency platform market with its plans to participate in the Ban...

South Korea-based fintech firm Korea Credit Data (KCD) has raised around 40 billion won ($36 million) from Singapore-based private equity firm Pavil...

Kakao Bank, South Korea's No.1 mobile banking app., has kicked off the process to go public by applying for a preliminary review of its stock market...

South Korean banks are queuing up to extend credit to Samsung Group's de-facto leader Jay Y. Lee and his family who are due to pay over 2 trillion w...

South Korea-based startup Riiid Inc. has been named to the annual AI 100 list issued by global market research firm CB Insights. The AI 100 is a lis...

Semiconductor chips, electric vehicles and artificial intelligence (AI) drove the top 100 South Korean companies' spending on research and developme...

South Korea’s state-funded Korea Trade-Investment Promotion Agency (KOTRA) is undergoing a full-scale digital transformation to expedite inter...

South Korea’s internet-only bank, K bank, is seeking to raise up to 600 billion won ($540 million) through a rights offering, attracting glo...

South Korea-based Hyundai Motor Group has unveiled new artificial intelligence-powered voice recognition technology to be installed in mass-produced...

South Korean banks have offered a combined $540 million in syndicated loans to fund overseas alternative investments, in which Korea Investment Corp...

The five leading banks in South Korea, including Kookmin and Shinhan, logged their first drop in net profit last year in five years, dented by shrin...

Hana Bank has become South Korea’s first commercial bank to issue foreign currency bonds at a negative yield, raising 500 million euros ($606 ...

Naver Corp., South Korea’s top online portal, is interested in buying Jeju Bank, named for and based on the country's largest island, to secur...

South Korean households and companies have taken out fresh loans worth 208 trillion won ($189 billion) from banks last year, pushing the outstanding...

South Korea-based Amorepacific Corp. has received the Innovation Award for its high-tech beauty technologies at the world's largest tech event, Cons...

South Korea's mobile-only bank has wrapped up its $920.5 million rights offering, placing the enterprise value at around 9.3 trillion won ($8.6 ...

Chief executives of banks operating in South Korea have picked the emergence of big technology companies and fintech startups in the credit market a...

LG Electronics Inc. has launched LG AI Research, an artificial intelligence think tank dedicated to securing AI technology, to further aid the gro...

Two leading South Korean banks – Shinhan and Hana – have provided a combined 47 million pounds ($63 million) in senior loans to finance ...

Hong Kong-based Anchor Equity Partners has agreed to invest 250 billion won ($226 million) to buy new shares in South Korea’s KakaoBank, shortly...

Bluespace.ai, a San Jose-based autonomous driving startup, is looking to develop a software system for autonomous mass transit fleets in Seoul and its...

South Korea’s Kookmin Bank has issued $500 million in subordinated bonds as part of its efforts to expand loans for environmental, social and go...

Shinhan Bank Vietnam Ltd., the Vietnamese subsidiary of Shinhan Bank, is close to becoming the top foreign bank in Vietnam thanks to its solid perform...