Search results for Evergreen
Finance
KOSPI enters pause as financial sector faces pressure for inclusive finance
South Korea’s stock market has surged on an AI semiconductor rally, pushing the KOSPI above 8,000 for the first time and lifting market value to sixth in the world, ahead of Taiwan. Brokerages posted strong first-quarter results as trading rose. Caution is also growing over volatility after the sharp run-up. Separately, “inclusive finance” has emerged as a key issue as banks and financial groups face pressure to expand support for vulnerable borrowers and strengthen public responsibility.
Finance
Inclusive finance pressure mounts, raising tensions in South Korean banks
Pressure from the government to expand inclusive finance is spreading across the financial sector, deepening banks’ 고민. Financial firms agreed to sell bonds held by a private bad bank after President Lee Jae-myung criticised long-term debt collection. Regulators plan to expand policy lending for lower-credit borrowers and launch an inclusive finance task force. Banks warn expanded lending could raise delinquency risks, increase provisions and add to losses tied to policy finance programmes.
AI & Enterprise
Pure Storage changes name to Everpure, agrees to buy 1touch
Storage and data management company Pure Storage said on Feb. 24 it will change its name to Everpure. The company said the move is meant to show it has positioned itself as a company defining the future of data management. Everpure also said it signed a final agreement to acquire 1touch, a data intelligence and orchestration company that provides comprehensive, integrated visibility into enterprise information.