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Finance

Toss Bank posts second straight annual profit as internal control risks come into focus

Toss Bank posted a second straight annual profit in 2025, with net profit rising to 96.8 billion won as lending and deposits increased. Deposits climbed above 30 trillion won for the first time and the loan portfolio diversified, including more guaranteed loans. But an incident involving a cut-rate yen exchange has highlighted internal control risks, with an expected loss of about 1.25 billion won. Financial authorities have flagged system stability and internal controls.

AI & Enterprise

OpenAI sells $3 billion in shares to retail investors, seeks ETF inclusion

OpenAI sold about $3 billion worth of shares to retail investors through a recent private placement aimed at clients of three large banks, Axios reported. The company also said its shares would soon be included in several exchange-traded funds run by ARK Invest, led by Cathie Wood. CFO Sarah Friar said OpenAI is considering access to economic benefits created by AI as well as access to technology.

Telecommunications & Media

KT launches Park Yun-young leadership, pledges slimmer organization and AI B2B push

KT has named longtime insider Park Yun-young as CEO, approving his appointment at a shareholder meeting. The company is moving quickly on executive reshuffles and organisational streamlining, including a broader regional structure and simplified reporting lines. KT also plans to bolster AI-based B2B business through a new AX division and integrate its media unit into the customer division. It is also focusing on recovery from last year’s unauthorised micropayment incident.