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AI & Enterprise

South Korea expands 'Top-Tier' visa to professors and researchers to speed global talent recruitment

South Korea will expand its Top-Tier visa programme to cover professors and researchers in science and technology, widening eligibility beyond workers hired by companies in advanced industries. The Ministry of Science and ICT and the Justice Ministry said the change will take effect from June. The government is pursuing the 'Brain to Korea' initiative, aiming to attract 2,000 outstanding overseas talents by 2030, with a target of 600 this year.

Finance

NH NongHyup Financial shifts retirement pension strategy to returns

NH NongHyup Financial is shifting the focus of its retirement pension business from winning subscribers to managing returns, aiming to strengthen an integrated pension finance system. The group said it is pursuing a transition to a returns-focused retirement pension financial group responsible for customers' actual returns and post-retirement asset management. NH NongHyup Bank and NH Investment & Securities are highlighting returns performance, while the group plans to enhance synergies linking banking, securities and insurance.

Finance

Public Participation Growth Fund to get second tranche as sellout prompts additional supply plan

South Korea’s Financial Services Commission chairman Lee Eok-won (이억원) said authorities will prepare and launch a second tranche of the Public Participation Growth Fund after the first offering sold out. The 600 billion won fund saw 87 percent of its allocation taken up on the first day and was fully sold within five business days. Lee said details on the size and timing of additional supply will be announced later.