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Finance

Hecto Financial says global business on track, confident of record results this year

Hecto Financial said it can sustain growth by leaning on its global business base as worries mount over delays in South Korea’s digital-asset legislation. The company said its core model is already structured to be executed immediately under global regulatory compliance. It said its cross-border settlement strategy targets global markets, limiting the impact of domestic rules. Hecto Financial also cited participation in Circle’s Circle Payments Network and rising overseas fiat-currency business.

Telecommunications & Media

LG Uplus appoints outside director Nam Hyeong-du as board chair

LG Uplus said on March 24 it held a board meeting and appointed outside director Nam Hyeong-du (남형두) as its next board chair. The company said it improved governance to strengthen board independence and reinforce a board-led responsible management system. It is the first time LG Uplus has named an outside director as board chair. The company said it expects stronger board checks on management and greater transparency.