| Mobile Web

All articles List

Games & Commerce

Naver CEO Choi Soo-yeon and executives buy 700 million won of treasury shares

Naver’s management has bought 700 million won worth of its own shares, reinforcing its pledge to strengthen responsible management. Naver said six C-level executives, including Chief Executive Choi Soo-yeon, acquired shares through open-market purchases on Feb. 9. Choi bought 786 shares worth about 200 million won. Five other executives bought about 100 million won worth each. Naver previously announced a new three-year shareholder return policy.

Finance

IBK Industrial Bank of Korea revamps instant card sales deposit service for small merchants

IBK Industrial Bank of Korea said on Tuesday it will officially operate an improved "instant card sales deposit service" from March 3 to help small merchants boost liquidity. The service deposits card payment proceeds to merchants immediately without extra fees, instead of the usual 2 to 5 days. The bank simplified applications by scrapping seal certificate submissions. It also added a daily batch deposit option at 10:30 p.m., while keeping real-time deposits within an average of 10 seconds.

Finance

KEXIM chief Hwang says productive finance to spread support to exporting SMEs

Korea Eximbank CEO Hwang Ki-yeon said the bank will reinforce inclusive, productive finance so benefits reach regional exporting small and mid-sized firms. He said the bank will focus policy capacity on supporting large strategic industries while building an industrial ecosystem that also covers local SMEs. The bank plans a 150 trillion won financing package through 2030, including 110 trillion won for SMEs and mid-sized firms and a higher share of lending outside the capital region.