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Finance
Who will be KB Financial's next chairman? Yang Jong-hee's re-election draws attention amid governance uncertainty
KB Financial Group has narrowed its shortlist for next chairman to six candidates, including incumbent Yang Jong-hee (양종희), as it begins the selection process amid delays in regulators’ governance reform plan for financial holding firms. The shortlist includes four internal and two external candidates, with one external candidate unnamed at their request. The committee plans interviews and further narrowing through September, with the final pick expected to be appointed at an extraordinary shareholders’ meeting in November.
Crypto
Bitcoin bottom signal emerges as money rotates out of AI stocks
Bitcoin regained $61,000 as investors moved into bitcoin and gold after weak U.S. jobs data reduced expectations of a near-term Federal Reserve rate hike. U.S. nonfarm payrolls rose 57,000 in June, well below forecasts, and prior months were revised lower. Rate-hike odds for September fell, oil steadied below $70, and some AI-related semiconductor shares slid intraday. On-chain metrics cited by CryptoQuant suggested a possible cycle bottom.
Finance
KB Financial finalises six candidates for next chairman, including Yang Jong-hee
KB Financial Group has narrowed its list of candidates for the next chairman to six. The group’s Chairman Nomination Committee met on Thursday and confirmed a shortlist comprising four internal candidates and two external candidates. Internal candidates include incumbent chairman Yang Jong-hee, division heads Lee Jae-geun and Lee Chang-kwon, and Kookmin Bank CEO Lee Hwan-ju. External candidates include former Woori Bank CEO Kwon Kwang-seok and one candidate who requested anonymity.
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AI & Enterprise
South Korea sets 2030 moon landing bid with public-private small lander
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Finance
Woori Bank leak of 17,551 personal data records during NFT platform outsourcing
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Finance
Shinhan Bank's Shinhan Certificate subscribers top 13 million
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Finance
Woori Bank reorganises to strengthen data-driven sales and internal controls
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Finance
Meritz urges MBK to play responsible role after Homeplus rehabilitation terminated
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Games & Commerce
Sony ends PS5 optical disc production as downloads dominate
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Finance
KOSPI rebounds above 8,000 after one day, buy sidecar triggered
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Telecommunications & Media
BMC opens call for entries for 2026 Viewer Media Awards, deadline Sept. 7
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AI & Enterprise
AWS backs Fleming Initiative intelligence platform to tackle antimicrobial resistance
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Industry
Electronica Shanghai 2026: China speeds up localisation in semiconductors after electronic components
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Games & Commerce
NCsoft's new subculture game Astrae Oratio to join Japan Comiket in August
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AI & Enterprise
SM Group adds KnowledgeCube's KCUBE ON after Google Workspace rollout
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AI & Enterprise
MeetingTV sues Palo Alto Networks' Koi Security over allegedly false AI report
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AI & Enterprise
Kuaishou AI video unit Kling raises $2 billion, valued at $18 billion
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AI & Enterprise
Mobigen says dynamic ontology key to solving AI slop, launches Graphio 2.0