Hana Financial steps up support for AI industry
The agreement was formalized at a ceremony on Friday, attended by Hana Financial CEO Ham Young-joo and KOSA Chair Joh Joon-hee.
KOSA is a government-certified non-profit organization that supports Korea's AI and software sectors through industry collaboration, policy advocacy, talent development and global expansion. It represents over 10,000 local member companies.
Under the deal, Hana will offer a range of financial and non-financial services through its subsidiaries to promising AI software firms and ESG-leading companies recommended by KOSA. Support includes investments, preferential rates on interest and foreign exchange, as well as capital market services, such as financial structuring, securities brokerage, market listing advisory and consulting on management and business succession.
The two sides also plan to cooperate on AI adoption across industries, including joint research projects and development of AI models, co-investment in startups and expertise-nurturing initiatives.
Marking the new partnership, Hana CEO Ham said, 'We hope our collaboration with KOSA serves as a breakthrough in advancing Korea's AI industry.' He added, 'We're committed to serving as a trusted partner to AI and software companies — the future leaders of our economy — as they pursue sustainable growth.'
KOSA Chair Joh added, 'Hana's robust financial infrastructure and global network, combined with KOSA's industry expertise, will significantly support corporate growth and the implementation of ESG management.'
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Korea Herald
11 hours ago
- Korea Herald
[Gautam Mukunda] Beware, AI is ultimate yes-man
I grew up watching the tennis greats of yesteryear with my dad, but have only returned to the sport recently thanks to another family superfan, my wife. So perhaps it's understandable that to my adult eyes, it seemed like the current crop of stars, as awe-inspiring as they are, don't serve quite as hard as Pete Sampras or Goran Ivanisevic. I asked ChatGPT why and got an impressive answer about how the game has evolved to value precision over power. Puzzle solved! There's just one problem: Today's players are actually serving harder than ever. While most CEOs probably don't spend a lot of time quizzing AI about tennis, they very likely do count on it for information and to guide their decision making. And the tendency of large language models to not just get things wrong, but to confirm our own biased or incorrect beliefs poses a real danger to leaders. ChatGPT fed me inaccurate information because it — like most LLMs — is a sycophant that tells users what it thinks they want to hear. Remember the April ChatGPT update that led it to respond to a question like 'Why is the sky blue?' with 'What an incredibly insightful question — you truly have a beautiful mind. I love you.' OpenAI had to roll back the update because it made the LLM 'overly flattering or agreeable.' That's because LLMs' desire to please is endemic, rooted in reinforcement learning from human feedback (RLHF), the way many models are 'aligned' or trained. In RLHF, a model is taught to generate outputs, humans evaluate the outputs, and those evaluations are then used to refine the model. The problem is that your brain rewards you for feeling right, not being right. So people give higher scores to answers they agree with. Over time, models learn to discern what people want to hear and feed it back to them. Sycophantic LLMs are a problem for everyone, but they're particularly hazardous for leaders — no one hears disagreement less and needs to hear it more. CEOs today are already minimizing their exposure to conflicting views by cracking down on dissent everywhere from Meta Platforms to JPMorgan Chase. Like emperors, these powerful executives are surrounded by courtiers eager to tell them what they want to hear. And also like emperors, they reward the ones who please them — and punish those who don't. Rewarding sycophants and punishing truth tellers, though, is one of the biggest mistakes leaders can make. Bosses need to hear when they're wrong. Amy Edmondson, probably the greatest living scholar of organizational behavior, showed that the most important factor in team success was psychological safety — the ability to disagree, including with the team's leader, without fear of punishment. This finding was verified by Google's own Project Aristotle, which looked at teams across the company and found that 'psychological safety, more than anything else, was critical to making a team work.' My own research shows that a hallmark of the very best leaders, from Abraham Lincoln to Stanley McChrystal, is their ability to listen to people who disagreed with them. LLMs' sycophancy can harm leaders in two closely related ways. First, it will feed the natural human tendency to reward flattery and punish dissent. If your computer constantly tells you that you're right about everything, it's only going to make it harder to respond positively when someone who works for you disagrees with you. Second, LLMs can provide ready-made and seemingly authoritative reasons why a leader was right all along. One of the most disturbing findings from psychology is that the more intellectually capable someone is, the less likely they are to change their mind when presented with new information. Why? Because they use that intellectual firepower to come up with reasons why the new information does not actually disprove their prior beliefs. Psychologists call this motivated reasoning. LLMs threaten to turbocharge that phenomenon. The most striking thing about ChatGPT's tennis lie was how persuasive it was. It included six separate plausible reasons. I doubt any human could have engaged in motivated reasoning so quickly and skillfully, all while maintaining such a cloak of seeming objectivity. Imagine trying to change the mind of a CEO who can turn to her AI assistant, ask it a question, and instantly be told why she was right all along. The best leaders have always gone to great lengths to remember their own fallibility. Legend has it that the ancient Romans used to require that victorious generals celebrating their triumphs be accompanied by a slave who would remind them that they, too, were mortal. Apocryphal or not, the sentiment is wise. Today's leaders will need to work even harder to resist the blandishments of their electronic minions and remember sometimes, the most important words their advisers can share are, 'I think you're wrong.' Gautam Mukunda writes about corporate management and innovation. He teaches leadership at the Yale School of Management. He wrote this for Bloomberg Opinion. The views expressed here are the writer's own. -- Ed.
Korea Herald
a day ago
- Korea Herald
Hana Financial steps up support for AI industry
Hana Financial Group, a major banking group in South Korea, signed a partnership deal with the Korea AI Software Industry Association to help accelerate the growth of local artificial intelligence companies. The agreement was formalized at a ceremony on Friday, attended by Hana Financial CEO Ham Young-joo and KOSA Chair Joh Joon-hee. KOSA is a government-certified non-profit organization that supports Korea's AI and software sectors through industry collaboration, policy advocacy, talent development and global expansion. It represents over 10,000 local member companies. Under the deal, Hana will offer a range of financial and non-financial services through its subsidiaries to promising AI software firms and ESG-leading companies recommended by KOSA. Support includes investments, preferential rates on interest and foreign exchange, as well as capital market services, such as financial structuring, securities brokerage, market listing advisory and consulting on management and business succession. The two sides also plan to cooperate on AI adoption across industries, including joint research projects and development of AI models, co-investment in startups and expertise-nurturing initiatives. Marking the new partnership, Hana CEO Ham said, 'We hope our collaboration with KOSA serves as a breakthrough in advancing Korea's AI industry.' He added, 'We're committed to serving as a trusted partner to AI and software companies — the future leaders of our economy — as they pursue sustainable growth.' KOSA Chair Joh added, 'Hana's robust financial infrastructure and global network, combined with KOSA's industry expertise, will significantly support corporate growth and the implementation of ESG management.'
Korea Herald
4 days ago
- Korea Herald
ASEAN media workshop explores AI transformation
The artificial-intelligence revolution is transforming industries worldwide, presenting both unprecedented opportunities and formidable challenges for media transformation. To address these critical issues, the ASEAN Media Capacity Building Workshop was successfully held in Hong Kong from July 14 through Saturday, gathering over 20 senior media professionals from within the Association of Southeast Asian Nations to explore effective strategies for navigating the AI era and its profound implications for media development. Participants examined AI's dual impact on media during the workshop. While AI significantly enhances reporting efficiency, an overreliance on AI may lead to serious factual errors in journalism, tutors from China Daily highlighted at the workshop courses. Reporters need to leverage the strengths of AI, such as its ability to detect spelling and grammatical errors, rather than allowing it to take control of everything during reporting, the tutors said. Doan Minh Anh, a reporter at VietnamPlus of the Vietnam News Agency, said at the workshop that journalists must always maintain confidence in themselves, as they are the true storytellers. Journalists should make good use of AI, rather than let AI control reporters, she added. Another key insight is that understanding audience preferences is also crucial for media transformation. Zhong Zhen, managing director from Xiaohongshu's Greater Bay Area E-commerce Operating Center, stressed the importance of knowing more about the needs of users and creating content with a human touch. "Content needs to resonate emotionally with users. This is the secret to Xiaohongshu's popularity," Zhong said. During the workshop, reporters and journalists from various ASEAN countries had discussions about the future of traditional media, especially in the context of key opinion leaders. Justin Clarence Lao Tembresa, CEO of Lannang Studios, a media company in the Philippines, emphasized the need for traditional media to enhance the quality of its content to remain relevant in today's digital age. The key is combining traditional media's strengths with new technologies while maintaining content warmth, he added. Participants in the workshop also engaged in an in-depth discussion about photography equipment, mobile shooting, and script design under the guidance of their instructors. Tutors from China Daily provided a detailed demonstration of various shooting devices, including pocket cameras, drones, and action cameras, while explaining composition and framing techniques. The journalists from ASEAN countries showed great curiosity about mobile photography accessories, continuing their enthusiastic discussions about the equipment even after the session ended. Reporters and journalists visited multiple sites in Hong Kong, including Cyberport, and the Legislative Council of the Hong Kong Special Administrative Region. These visits provided the media professionals with comprehensive insights into Hong Kong's technological advancements, legislative framework, and media landscape. Participants also visited notable sites in Shenzhen, including the Shenzhen Nanshan Energy Ecological Park, which showcases China's commitment to green economic development. Soo Wern Jun, a senior journalist from the Malay Mail newspaper of Kuala Lumpur, said the park is a model of energy conservation and environmental responsibility. She said she hopes to bring back the lessons learned at the conference back to Malaysia.
