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Crypto

Korea Fair Trade Commission starts review of Naver and Dunamu merger filing

South Korea’s Fair Trade Commission has begun reviewing a merger filing by Naver Financial and Dunamu. The agency said the combination of major digital platform firms could have wide effects on the digital ecosystem. It will assess competitive constraints and consumer impact. Naver would make Dunamu a wholly owned unit and build an integrated digital finance system. The companies approved a share swap in which Naver Financial will acquire all Dunamu shares.

Telecommunications & Media

Lee names Kim Jong-cheol as first Broadcast Media Telecom Panel chief

South Korean President Lee Jae-myung appoints Yonsei University law professor Kim Jong-cheol as the inaugural chair of the Broadcast Media Telecom Commission. The presidential office also announces the selection of lawyer Ryu Shin-hwan as a presidential member of the seven-member body. Lee additionally appoints Kim Yi-tak as first vice minister at the Ministry of Land, Infrastructure and Transport after the previous vice minister resigned over inappropriate remarks related to real estate prices.

AI & Enterprise

Douzone Bizon, Shinhan Bank sign deal on Bank-In platform linking ERP with finance

Douzone Bizon said it signed an MOU with Shinhan Bank to build a Bank-In platform that connects its ERP with the bank’s CMS API. The companies aim to target the embedded finance market by enabling users to handle inquiries, transfers and foreign exchange directly inside the ERP. Douzone Bizon plans to strengthen its ERP-based corporate finance ecosystem, while Shinhan Bank seeks new corporate customers and a stronger position in the BaaS-based corporate finance platform market.