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Intelligence for Better Decision Making
Erudite Risk takes an all risks approach to intelligence reporting. We categorize key intelligence into one of 40 different risk intelligence categories.
The goal is to provide intelligence that allows decision makers to avoid being blindsided by what they may have missed, while informing them to make better decisions as well.
Erudite Risk also includes operations categories so you can monitor the environment for better decision making. Everything is tied together--what happens in risk affects operations and what happens in the market impacts risk profiles.
We categorize key intelligence into one of 30 different operations intelligence categories.
Different roles and functions within the organization can monitor different key issue areas. HR may monitor employment, wages, regulations, labor and management relations, etc., while P&L leaders may monitor overall developing trends.
KFTC AMENDS CONSUMER PROTECTION GUIDELINES IN E-COMMERCE TRANSACTIONS
Bae, Kim & Lee LLC | English | AcademicThink | Dec. 12, 2025 | Regulation
The Korea Fair Trade Commission (KFTC) has amended its Consumer Protection Guidelines in Electronic Commerce Transactions, effective October 24, 2025. The amendments establish detailed standards and recommendations concerning regulations on six types of online dark patterns under the Act on Consumer Protection in Electronic Commerce. These include hidden renewal, drip pricing, pre-selected options, false hierarchy structures, obstructing cancellation or withdrawal, and nagging.
The amended Guidelines clarify that businesses must obtain explicit consumer consent at least 30 days prior to increasing recurring payments or converting free trials to paid services. They define the initial price display page and the total mandatory price, which must include all compulsory fees but exclude optional or circumstance-specific costs. The Guidelines provide concrete examples of prohibited practices relating to pre-selected options, false hierarchy, obstructing cancellation, and nagging to enhance clarity and market predictability.
Recommendations within the Guidelines advise businesses to clearly disclose pricing conditions, notify consumers of possible additional charges from optional selections, ensure consumers can decline these options, and prominently display cancellation or withdrawal buttons. These changes signal the KFTC's intent to strengthen enforcement against dark patterns, urging businesses to review and comply with the updated regulations to avoid violations.
은행권에 부는 AI 바람…하나은행 "2026년 생성형AI 전 계열사 정착"
AI wave sweeping the banking sector… Hana Bank aims to establish generative AI across all affiliates by 2026
Digital Daily | Local Language | News | Dec. 12, 2025 | UndeterminedTech Development/Adoption
Hana Bank plans to implement generative AI services across all its affiliates by 2026. Seo Il-sik, head of Hana Bank's Financial AI Department, highlighted the increasing customer expectations and the need for more personalized and sophisticated AI-driven financial services beyond traditional chatbot functions. The bank aims to enhance customer experience through advanced generative AI, which can handle complex financial inquiries and proactively provide personalized financial advice, while also reducing human errors and preventing financial accidents.
The bank is advancing its AI strategy with a focus on customer service and innovation, as well as strengthening employee capabilities in AI usage. Hana Bank intends to establish a service foundation by the second half of 2025 and extend integrated generative AI services in 2026. Currently, the bank has partially implemented generative AI, including a foreign language simultaneous interpretation service that will be expanded to 16 branches serving foreigners this year.
In preparation for upcoming regulations under the AI Basic Act and financial authority rules set to take effect in 2026, Hana Bank will also establish AI governance. Seo Il-sik emphasized that this governance framework will enhance customer trust and the quality of financial AI services.
정부, 정유·주유소 업계에 기름값 인상 자제 당부
Government Urges Oil Refining and Gas Station Industry to Refrain from Raising Fuel Prices
ET News | Local Language | News | Dec. 12, 2025 | Regulation
The Ministry of Trade, Industry and Energy held a petroleum market inspection meeting on December 10, 2025, with major refiners, discount suppliers, and industry associations. The government urged the refining and gas station industry to refrain from excessive fuel price increases amid a recent upward trend in international petroleum prices.
Domestic petroleum product prices had increased sharply over the past month but stabilized at the start of December. However, international gasoline prices, which influence domestic prices, have turned upward again, rising to $79.4 per barrel in early December after a brief decline.
The ministry requested voluntary cooperation from the industry to avoid sharp price hikes and encouraged discount suppliers to help keep prices stable to reduce public burden. It plans to continue holding inspection meetings as needed and will maintain an inter-ministerial inspection team involving multiple government bodies to oversee the petroleum market.
Additionally, the ministry will upgrade the Opinet mobile app by early 2026 to offer consumers tailored gas station information based on vehicle-specific fuel efficiency, travel metrics, and prices to enhance consumer benefits.
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