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Finance

WebCash to buy additional 3 billion won of treasury shares

WebCash will buy an additional 3 billion won worth of treasury shares to raise shareholder value. The company decided on the additional purchase after dividends and the cancellation of treasury shares, continuing its shareholder return policy. WebCash said it approved a trust contract for the acquisition at a board meeting on Wednesday. It said it believes the current share price does not fully reflect its competitiveness and growth potential.

Fintech

KakaoBank to enter capital market via Marston Capital acquisition

KakaoBank plans to enter the capital business by acquiring Marston Capital. KakaoBank disclosed on June 25 that it is pursuing the purchase of 100 percent of Marston Capital. The acquisition is part of KakaoBank’s plan to enhance corporate value, expanding services into non-bank lending to build a sustainable growth base. Marston Capital, founded in 2022, operates leasing finance and corporate finance. KakaoBank aims to complete procedures by year-end.

Industry

MSIT, GGGI launch climate technology demonstration projects in 10 countries

South Korea's Ministry of Science and ICT said on Wednesday it selected 10 climate technology demonstration projects with the Global Green Growth Institute. The two organisations launched the Climate Technology Advancement Fund under an administrative agreement signed in April. The projects include three local demonstrations in Cambodia, Jordan and Paraguay, set to begin in the second half of the year, and seven pre-planning tasks that will be linked to demonstrations after 2027.