Webcash (053580.KQ), a B2B financial fintech platform operator, said Friday it held its annual general meeting of shareholders and added artificial intelligence (AI) solution provision and virtual asset management system development to its corporate objectives.
Webcash held its 27th annual general meeting at its headquarters in Yeongdeungpo-gu, Seoul, on Thursday and approved all proposed agenda items, including △approval of financial statements and a statement of disposition of retained earnings △amendments to the articles of incorporation △appointment of directors and auditors △approval of remuneration caps for directors and auditors △granting of stock options.
Following the approval, the company amended its articles of incorporation to add △AI solution and service provision △virtual asset management system development and sales △online sales brokerage to its corporate objectives. The move reflects a strategy to combine AI technology with its existing B2B financial fintech platform to automate and enhance corporate fund management. Webcash is also reviewing plans to add features that allow corporate clients to view and manage their virtual asset holdings through its enterprise services.
Webcash currently operates its business based on B2B financial solutions including InhouseBank, Branch and Gyeongnara. The company has recently positioned its generative AI-powered financial AI agent business as a key future growth driver.
Corporate governance reforms were also implemented. The company expanded the scope of directors' duty of loyalty from the company alone to both the company and shareholders, and renamed outside directors as independent directors. The minimum ratio of independent directors was raised from one-quarter to one-third.
Meanwhile, outside director Yu Si-wan was reappointed, and Shin Hyun-ju, formerly of IBK Industrial Bank of Korea, was newly appointed as auditor.