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Finance

Mirae Asset Group adopts vehicle odd-even day system across affiliates to save energy

Mirae Asset Group said on March 30 it will introduce an energy-saving policy across all affiliates in line with the government’s push to strengthen energy conservation. From March 31 it will implement a vehicle odd-even day system for business and commuting vehicles, restricting driving by the last digit of license plates. It will also turn off office lights during lunch and after work, cut power to unused computers, curb paper use and promote video meetings and public transport.

AI & Enterprise

Cho In-cheol proposes bill to mandate log recording and immediate preservation after cyber incidents

South Korean lawmaker Cho In-cheol (조인철) proposed a bill to strengthen obligations for information and communications service providers to retain log records and to immediately preserve related servers as evidence when a cyber incident is confirmed. The amendment would set mandatory log retention periods for providers meeting certain criteria and impose administrative fines for failing to keep logs. It would also require interim and final reports to a relevant National Assembly committee during joint public-private investigations.

Finance

IBK Industrial Bank of Korea to provide 200 billion won support to SMEs involved in navy vessel MRO

IBK Industrial Bank of Korea said on Monday it will provide 200 billion won in financial support to small and medium-sized enterprises involved in South Korea's navy vessel maintenance, repair and overhaul (MRO) business. The bank signed an agreement with the Korea Credit Guarantee Fund and the Korea Technology Finance Corp. Eligible firms are those with a track record in the programme or planning to participate. The bank plans to offer interest-rate cuts of up to 1.3 percentage points.