Economy
Banks
KakaoBank Corp.’s Business Loans Surpass 4 Trillion Won in Outstanding Balance Just 3 Years and 11 Months After Launch
Less than four years after KakaoBank Corp. launched its loans for sole proprietors, the outstanding loan balance has surpassed 400 million won.
KakaoBank Corp. announced on the 2nd that its out…
Business·Industry
LGELECTRONICS Offers Discounts on Purchases When Customers Return Used Batteries… Continues 'Battery Return' Program
LGELECTRONICS is launching a campaign to collect and recycle used batteries from cordless vacuums. Consumers who return used batteries will receive a discount when purchasing a new product.
From Oc…
M&A·IB
“Token Market: The Department Store Is Open, but There May Be No Products to Display”
Analysts have suggested that intellectual property (IP) and K-content should be closely watched as potential products for the security token offering (STO) market set to launch next year. However, som…
M&A·IB
"STO Legislation Is Just the Beginning, Not the End… Implementation Should Be Accelerated with Investor Protection as a Prerequisite"
"We will provide clear and transparent guidelines to facilitate rapid innovation. If verification proceeds smoothly, we may be able to accelerate the timeline for opening the market."Financial authori…
M&A·IB
"Let’s Build a Soccer Stadium with Tokenized Securities Instead of Taxes"
With the legal framework for security token offerings (STOs) now finalized, the remaining key issue is no longer the law but the market itself. Min Byung-deok, a member of the Democratic Party of Kore…
Finance
[Exclusive] A Look Inside the Wallet of KOK’s Chief Finance Officer, Who Is on a ‘Red Notice’… Over 105 Billion Won Cashed Out Through Domestic and International Exchanges
Following the discovery of funds in the wallet of the mastermind behind the KOK Coin (KOK Token) pyramid scheme, evidence has emerged showing that large sums of money also flowed from the virtual asse…
Business·Industry
“Invest in Creating a Huge Lead to Survive China’s Pursuit”… Samsung and LG Corp.: “Government Support Is Desperately Needed”
Facing fierce competition from China, the domestic display industry has unanimously called for expanded policy support to maintain its technological lead. Samsung Display and LG Display emphasized the…
Business·Industry
Jay Y. Lee Engages in "Public Diplomacy" with "Lee Kun-Hee Collection" in London… Major Tech Executives Attend in Large Numbers (Comprehensive)
SamsungElectronics Chairman Jay Y. Lee has been engaging in a series of meetings with global political and business leaders in London, UK, as he works to strengthen his global network through private …
Business·Industry
Beyond ESS to Right Next to Servers… Three Battery Companies Are Making Inroads into AI Data Center ‘Power Supplies’
The competitive landscape is expanding for the three major domestic battery manufacturers targeting the artificial intelligence (AI) data center market. The data center battery market, which had previ…
Finance
"From Tokenized Security Issuance to Settlement and Security"... Day Two of the STO Summit Focuses on "Market Infrastructure"
With the legal framework now in place for tokenized securities (STOs) to enter the regulated capital market, a forum is being held to examine the issuance, distribution, settlement, and security infra…