South Korea’s government will make 5G standalone service mandatory when renewing 3G and LTE spectrum whose usage periods expire next year. The Ministry of Science and ICT set the reassignment fee at 3.1 trillion won, about 14.8 percent below the previous reference price, reflecting expected value changes tied to 5G standalone deployment. The ministry also introduced indoor network investment options, shortened certain band terms for 6G preparation, and said major carriers have accepted the plan with varying reactions.

Hana Financial Group on Wednesday recommended CEO candidates for seven major affiliates, including Hana Securities and Hana Life Insurance. The group said it prioritised stable growth and strengthening non-bank portfolio competitiveness. Most current CEOs were nominated for another term, including those at Hana Asset Trust, Hana Alternative Asset Management, Hana Financial TI and Hana Insurance. Hana F&I was the only unit with a new nominee, Hana Bank executive Lee Eun-bae. Final selections will be confirmed after affiliate nomination committees, boards and shareholder meetings.