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Finance

Non-bank gaps widen among financial groups as insurance competitiveness emerges as battleground

Non-bank earnings gaps are widening among South Korean financial groups. KB Financial Group and Shinhan Financial Group have built stable profit bases outside banking, while Hana Financial Group remains heavily reliant on bank earnings. Hana has joined the open sale of Yebyeol Non-life Insurance, a bridge insurer for MG Non-Life Insurance, to strengthen its portfolio. KB generated 37 percent of profit from non-bank units, and Shinhan is pushing to lift the share longer term.

AI & Enterprise

Quantum era accelerates; could it overhaul security framework?

South Korea has released its first pan-government quantum master plan, prompting attention to whether quantum technology could fundamentally change the national security framework. A science ministry plan includes a roadmap to apply quantum technology to national cryptographic systems and build an “ultra-secure” information network. The article outlines quantum computing concepts and two security approaches: quantum key distribution and post-quantum cryptography. The government plans to complete PQC algorithm standardisation early next year and expand pilot conversions across key sectors.

Industry

Coupang board draws attention after Trump taps its outside director as next Fed chair

Coupang’s board is in the spotlight after U.S. President Donald Trump nominated outside director Kevin Warsh as the next Federal Reserve chair. The company told the SEC its board has eight members spanning U.S. politics, finance and Silicon Valley. Warsh holds 444,126 Coupang shares and receives RSUs. Green Oaks founder Neil Mehta is a long-serving director, while Green Oaks has filed an investment dispute notice against South Korea.