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Industry

LG Chem says 2026 is turning point in shift to high value-added industrial structure

LG Chem said on Jan. 29 it posted 2025 consolidated revenue of 45.9 trillion won and operating profit of 1.18 trillion won, with revenue down 5.7 percent and profit up 35.0 percent from a year earlier. It reported a fourth-quarter operating loss of 413.3 billion won. CFO Cha Dong-seok said the company maintained positive cash flow by upgrading its portfolio, tightening capital spending and monetising assets, and plans to enhance shareholder returns.

AI & Enterprise

Baek Gyeong-hoon vows support for future software as South Korea seeks AI powerhouse status

Deputy Prime Minister Baek Gyeong-hoon pledged active government support to help energise South Korea’s AI and software industry. Speaking at a New Year gathering of AI and software groups in Seoul, he said South Korea had established itself as an AI power, including being selected as the world’s No. 3 AI nation by a global AI evaluation body. He also stressed software as the foundation for future national technology strategy.

Finance

Shinhan Bank named top institution and best case in FSS new financial products awards

Shinhan Bank on Jan. 29 is selected as both an outstanding institution and an outstanding case at the Financial Supervisory Service’s seventh awards for new financial products promoting mutual growth and cooperation. It is recognised for its Shinhan Youth Financial Support Package and its Shinhan Ttaenggyeoyo interest-subsidy loan for local small merchants. The youth package has provided 8.9 billion won in support to about 100,000 young customers.