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Finance

Who will be KB Financial\'s next chairman? Yang Jong-hee\'s re-election draws attention amid governance uncertainty

KB Financial Group has narrowed its shortlist for next chairman to six candidates, including incumbent Yang Jong-hee (양종희), as it begins the selection process amid delays in regulators’ governance reform plan for financial holding firms. The shortlist includes four internal and two external candidates, with one external candidate unnamed at their request. The committee plans interviews and further narrowing through September, with the final pick expected to be appointed at an extraordinary shareholders’ meeting in November.

Games & Commerce

Sony ends PS5 optical disc production as downloads dominate

Sony Interactive Entertainment will end production of 4K UHD Blu-ray discs for the PlayStation 5, saying digital media demand now far exceeds physical discs. Japan ITmedia reported the most direct reason was the overwhelming share of download sales. Sony Group data showed downloads accounted for 78 percent of annual game sales in fiscal 2025 and hit a record 85 percent in January to March 2026, while disc purchases were 15 percent.