Finance

IBK Industrial Bank of Korea to support over 300 trillion won in productive finance by 2030

IBK Industrial Bank of Korea said on Tuesday it held a joint work briefing involving eight public institutions under the Financial Services Commission. The bank presented its productive finance plan and measures for comprehensive financial and non-financial support for small and medium-sized enterprises and small merchants. It plans to provide more than 300 trillion won in productive finance over five years through 2030 and expand funding for advanced and innovative industries, startups and venture firms, and regional SMEs.

Industry

AI chips to account for a third of semiconductor market, Nvidia dominates

Gartner said global semiconductor revenue in 2025 increased 21 percent from a year earlier to $793 billion, driven by AI components that accounted for about a third of sales. Nvidia, the first chip company to surpass $100 billion in annual revenue, remained the top vendor with $125.7 billion. Samsung Electronics ranked second with $72.5 billion. SK Hynix rose to third, overtaking Intel, as HBM demand expanded.