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Finance

Fee cap crackdown targets loan platforms, fintech industry on edge

South Korea’s financial authorities are considering introducing a cap on brokerage fee rates for online loan comparison and brokerage platforms by revising an enforcement decree under the moneylending law. Officials aim to ease lending-rate burdens at savings banks, where platform fees are higher than at commercial banks. Fintech firms dispute whether fee cuts will lower loan rates and warn the measure could weaken the loan-platform-centric fintech ecosystem, hitting smaller firms hardest.

Industry

Samsung Electronics annual operating profit forecast triples in a year

Samsung Electronics shares rose to a record intraday high on Dec. 30, pushing its market value to about 710 trillion won after topping 700 trillion won a day earlier. A year ago, profit forecasts sank amid low-priced Chinese competition and tariff worries. Since then, AI-driven demand and stronger memory prices have reversed sentiment. Broker forecasts now point to sharply higher profits in late 2025 and 2026, with some estimates exceeding market consensus.

Industry

Platform trio posts improved 2025 results as e-bike keywords emerge

South Korea’s mobility platform industry posted stronger-than-expected results in 2025, with Kakao Mobility, Tmap Mobility and Socar improving operating profit and shifting toward profitability-focused management. The government extended fuel tax cuts by two months and prolonged a temporary auto tax cut until June 30. The article also covers global EV sales growth, updates involving Waymo and Tesla, vehicle and battery developments, and 2025 electric bicycle trends including lighter folding models and new motor technology.