00:02korea's banks and fintech regulators had a busy day and the numbers tell a clear story hannah
00:09financial group has already executed 60 percent of its annual inclusive finance target backed by a
00:15newly created chief inclusive finance officer role cacao bank just pumped 150 billion won
00:22roughly 105 million dollars into its capital unit to expand auto financing and kdb and korea
00:29post are teaming up on a 1 trillion 1 ai infrastructure fund meanwhile regulators are
00:36also tightening oversight of blockchain support programs after a public trust controversy
00:41it's thursday august 6th let's break down what's happening in korea's financial sector
00:46korean financial institutions are under pressure to show measurable progress on inclusive finance
00:52commitments set earlier this year at the same time digital and non-bank lenders are expanding capital
00:58bases to compete in auto and consumer finance regulators are also reviewing blockchain
01:03related support programs after concerns about how project outcomes were represented to the public
01:08here's what the numbers show hannah financial group supplied 1.9 trillion one or roughly 1.33 billion
01:17dollars in inclusive finance in the first half of this year reaching 60 percent of its annual target
01:23the group also created a chief inclusive finance officer position to oversee the program going forward
01:30cacao bank raised 150 billion one about 105 million dollars in fresh capital for its capital finance unit
01:38which is targeting a turnaround in its auto finance business korea development bank and korea post are
01:45jointly building a 1 trillion 1 or roughly 702 million dollar ai infrastructure fund separately shinhan cambodia
01:54reported a non-performing loan ratio in the low 2 percent range and set a target of raising return
02:00on equity to 10 percent the korea internet and security agency is reviewing 95 blockchain support projects
02:08as regulators tighten performance evaluation standards after the public trust controversy
02:14so what does this mean for banking and fintech professionals tracking korea earlier we said kdb and korea post
02:21are teaming up on a 1 trillion 1 ai infrastructure fund here's what that actually means for you state-linked
02:29capital is now flowing directly into ai infrastructure a signal that seoul sees this as a policy priority
02:36not just a private sector bet the inclusive finance push at hannah and the tighter blockchain oversight
02:42both point to regulators demanding measurable outcomes rather than announce targets for banking
02:48and fintech professionals tracking korea the through line is closer scrutiny on lending commitments
02:54capital deployment and how results get reported what to watch whether hannah financial completes its full
03:01year inclusive finance target after reaching 60 percent in the first half how the korea internet and
03:07security agencies review of the 95 blockchain projects changes support criteria going forward
03:13whether the kdb korea post ai infrastructure fund announces its first investments that's today's ai prism
03:21finance daily this episode was produced with ai assistance based on seoul economic daily reporting
03:27and reviewed by a human editor ai prism is a juan ifra award-winning series we'll be back tomorrow
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