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Telecommunications & Media

Korea media commission, Korea Post back local specialties on home shopping with 840 million won in sales

South Korea's Korea Communications Commission and Korea Post said on Feb. 3 that 21 participating companies posted a combined 840 million won in sales after running the "Leap Market" programme for two months from Dec. 9 to the end of January. The programme supports sales channels for regional small and micro businesses by linking product planning and marketing with TV home shopping sales and post office parcel delivery. Some items sold out during broadcasts.

Finance

OK Savings Bank launches OK Living Expense Account, Early Bird Savings

OK Savings Bank, an affiliate of OK Financial Group, launched the OK Living Expense Account and OK Early Bird Savings for new customers, it said on Monday. The demand deposit account pays interest even after one day and offers preferential rates for automatic bill payments. The savings product is linked to the bank’s mobile app and adds preferential rates for marketing consent and early-morning login missions, applying up to a 26 percent rate.

Finance

Lee Eok-won calls KOSPI 5,000 a signal of easing Korea discount, vows to stamp out unfair trading

Financial Services Commission Chairman Lee Eok-won (이억원) said the KOSPI’s move above 5,000 points was an historic milestone showing a long-standing “Korea discount” is being resolved and the market has entered a new phase. Speaking at an event in Seoul, he said the breakthrough signalled rising trust and expectations for the economy and capital markets. He pledged to eradicate unfair trading, strengthen shareholder protections and boost innovation.