K-FinHallu: A Hallucination Detection Benchmark for Multi-Turn RAG in Korean Finance

Eunbyeol Cho, Yunseung Lee, Mirae Kim, Jeewon Yang, Youngjun Kwak, Edward Choi


Abstract
Large Language Models (LLMs) have advanced financial automation through Retrieval-Augmented Generation (RAG), yet hallucinations remain a critical barrier to deployment in high-stakes environments. Existing benchmarks focus on single-turn, English-centric tasks, leaving the multi-turn dynamics and linguistic-regulatory nuances of the Korean financial domain unaddressed. We introduce K-FinHallu, the first benchmark for hallucination detection in multi-turn Korean financial RAG, designed as a controlled evaluation of source faithfulness and answerability. We construct multi-turn dialogues from authentic Korean financial documents and inject hallucinations under a proposed hierarchical taxonomy based on context answerability that explicitly accounts for justified abstention. Benchmarking Korean-centric, open-source, and closed-source LLMs as hallucination detectors, we find that even the strongest models struggle with fine-grained financial diagnostics and refusal behavior. While fine-tuning an 8B model on our training split yields performance competitive with frontier LLMs, justified abstention remains the weakest axis across all evaluated models. K-FinHallu and code are publicly available at https://github.com/eunbyeol-cho/K-FinHallu.
Anthology ID:
2026.findings-emnlp.2053
Volume:
Findings of the Association for Computational Linguistics: EMNLP 2026
Month:
October
Year:
2026
Address:
Budapest, Hungary
Editors:
Hung-Yi Lee, Sunipa Dev, Jessy Li, Desmond Elliott
Venue:
Findings
SIG:
SIGDAT
Publisher:
Association for Computational Linguistics
Note:
Pages:
43718–43744
Language:
URL:
https://aclanthology.org/2026.findings-emnlp.2053/
DOI:
Bibkey:
Cite (ACL):
Eunbyeol Cho, Yunseung Lee, Mirae Kim, Jeewon Yang, Youngjun Kwak, and Edward Choi. 2026. K-FinHallu: A Hallucination Detection Benchmark for Multi-Turn RAG in Korean Finance. In Findings of the Association for Computational Linguistics: EMNLP 2026, pages 43718–43744, Budapest, Hungary. Association for Computational Linguistics.
Cite (Informal):
K-FinHallu: A Hallucination Detection Benchmark for Multi-Turn RAG in Korean Finance (Cho et al., Findings 2026)
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PDF:
https://aclanthology.org/2026.findings-emnlp.2053.pdf