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Finance
FSC cuts rate requirements for mid-interest loans by up to 1.25 points, expands supply
South Korea’s Financial Services Commission is moving to revamp rules to expand lending to mid-credit borrowers as the economic slowdown increases pressure on vulnerable borrowers. It plans to adjust supply criteria for the policy-backed Saitdol loan, cut insurance rates and expand supply. Support for low-credit borrowers will be strengthened separately through policy microfinance, including a rate cut for Haetsal loans. The FSC also plans to lower rate benchmarks for private mid-interest loans by up to 1.25 percentage points.
People
Korea TV Home Shopping Association names Lim Kwang-gi as new chairman
Lim Kwang-gi (임광기), a former SBS editorial writer, has been appointed as the new chairman of the Korea TV Home Shopping Association. The association said on April 27 it finalised the appointment through resolutions by its board of directors and general meeting. Lim's term runs for three years from May 6. He previously served in several roles at SBS and later led the National Assembly Broadcasting station for three years from 2019.
General News
Korea Post calls for tough punishment over assault on mail carrier in Seoul
The Ministry of Science and ICT's Korea Post expressed deep regret over a recent case in Seoul in which a mail carrier on official duty was assaulted and called for strong punishment for the perpetrator. It said a passenger car driver chased a mail carrier delivering mail on a motorcycle and assaulted the carrier on a road in Seoul. The carrier is receiving outpatient treatment and psychological counseling after taking sick leave.
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Industry
Autonomous Manufacturing AI World Show opens in Seoul
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Finance
Financial investment industry joins energy-saving push with car use rotation and more remote work
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Finance
KOSPI breaks 6,600 for first time on semiconductor surge
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AI & Enterprise
AhnLab posts 59.1 billion won Q1 consolidated revenue, 1.9 billion won operating profit
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AI & Enterprise
Why OpenAI wants to make its own smartphone: AI agents
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AI & Enterprise
AI costs are starting to surpass payroll at some companies
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AI & Enterprise
Three reasons DeepSeek's new V4 model matters: high performance, low cost and Chinese AI chips
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Industry
Yeocheon NCC raises naphtha cracker utilisation to 65 percent
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Finance
Mirae Asset Securities' RIA client balance tops 260 billion won
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Industry
South Korea draws up nanotechnology master plan, upgrades national strategic technology framework
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Industry
LG Innotek Q1 operating profit up 136 percent on year to 295.3 billion won
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Games & Commerce
Pearl Abyss gives 5 million won special bonus to all employees to mark 5 million 'Red Desert' sales
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Games & Commerce
Nexon starts N Connect preseason with SOOP integration, expands to CHZZK in May
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Telecommunications & Media
Netmarble Cultural Foundation registers Netmarble Game Museum as Type 1 specialised museum
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Games & Commerce
FTC orders Coupang, Naver and five other open markets to fix unfair terms, block privacy liability waivers