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Finance
Lawmakers criticise banks over interest rates, hacking, IT errors and governance questions at audit
Issues ranging from banks’ loan-rate calculations to hacking incidents, IT system management and financial holding companies’ governance were raised at a National Assembly audit. Lawmakers questioned whether banks cut preferential rates after tighter rules on loan add-on rates. They also probed differences in cybersecurity systems among banks and called for stronger standards. Delayed detection of internal system errors, including cases at Toss Bank, was cited. Governance and outside director appointment procedures at BNK Financial Group, Woori Financial Group and KB Financial Group affiliates were also questioned.
People
Meritz Securities to recruit 2026 college graduates
Meritz Securities will conduct open recruitment for new college graduates for 2026. The firm said on Oct. 19 it will hire entry-level employees across five divisions: S&T, investment banking, retail, IT and management support. Applications will be accepted through Oct. 30 via the company’s recruitment website. Candidates will go through an online competency test and interviews with working-level staff and executives. Eligible applicants include graduates and those set to graduate in February 2027.
Telecommunications & Media
Oppo shifts to premium strategy in Europe to challenge Apple and Samsung
Chinese smartphone maker Oppo is taking aim at Europe’s premium smartphone market dominated by Apple and Samsung Electronics, seeking to expand its share with a higher-end strategy focused on camera and AI technology rather than budget models. Oppo’s Europe CEO Elvis Zhou said consumers may want a third choice. Global shipments fell to the lowest third-quarter level in 14 years, Counterpoint Research said, while Oppo’s Europe share remains 1 to 4 percent.
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Industry
LG Electronics unveils brand video in New York\'s Times Square
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Mobility
Cut fuel tank to 15 litres, proposal says to push plug-in hybrid charging
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Crypto
Ledger wallet security alert: Mt Gox ex-CEO starts developing detection device
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Industry
Blue Origin expands Florida facilities to increase New Glenn launches despite rocket explosion
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Crypto
KB Securities to commercialise GgabiAI, eyes tokenised securities for wealthy U.S. investors
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Finance
Internet-only banks and regional banks expand joint loans to business finance
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Crypto
Stripe, Plasma to develop multi-currency stablecoin card
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Mobility
Tesla Roadster, 9 years late, faces growing doubts ahead of reveal
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Finance
Banking gaps in fund management, reverse mortgage processing spark calls for reform
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Industry
Humax Mobility pushes AI vehicle inspection pilot for robotaxi readiness
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Telecommunications & Media
Alibaba starts selling Qwen Glasses N1 in China with translation and payment features
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Finance
U.S. banks move to define liability for AI errors in financial transactions
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AI & Enterprise
ITCEN PNS, Palo Alto Networks, Enki WhiteHat team up to counter AI-driven security threats
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Games & Commerce
Kakao spells out growth strategy for subsidiaries from crypto payments to AI video
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AI & Enterprise
South Korea mandates linking government AI training data to AI Hub