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In support of financial sector's AI use, South Korean official calls for new mindset

By Choonsik Yoo ( March 21, 2025, 06:49 GMT | Insight) -- The deputy head of South Korea's financial regulator reaffirmed the agency's continued support for a broader use of artificial intelligence in the financial industry, by emphasizing the need to address risks arising in the era of artificial intelligence from a new perspective that is more mindful of the technology innovation. Kim So-young, vice chairman of the Financial Services Commission, also said the agency plans to develop an AI platform that financial companies can use and to update guidelines on the financial sector’s use of AI. Reaffirming a supportive stance toward the use of AI in the financial sector, the deputy head of South Korea’s financial regulator has emphasized the need to address risks arising in the era of artificial intelligence from a new perspective that is more mindful of the technology innovation....

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