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Games & Commerce

Baemin picked as K-GX signature project for green delivery ecosystem

Woowa Brothers, operator of Baedal Minjok, said on Wednesday its project to build a platform-based green delivery ecosystem was selected as a signature project under the government’s Korean-style green transformation strategy, K-GX. The company said Baemin was the only IT platform firm chosen. It cited joint pilot programmes with government agencies and local governments for electric delivery motorcycles, including battery swap stations, free rentals and incentives per delivery.

Industry

Samsung Electronics joins apartment heating and cooling electrification push, seeks nationwide rollout from 2028

Samsung Electronics is entering the electrification market for heating and cooling in apartments and other multi-family housing. The company announced a carbon-reduction plan based on its EHS All-in-One heat pump at a K-GX strategy briefing in Seoul. It plans to launch the product this year, establish a domestic supply base by 2027 and begin nationwide distribution in 2028 to 2029. Field demonstrations are under way, with plans for standards and partner training.

Finance

KB Financial to contribute 3 billion won to mutual growth fund, seeks 5 billion won sub-fund

KB Financial Group is setting up a mutual growth master fund to support impact companies that pursue both social value and financial performance. KB Financial said it formed the fund on Sept. 30 with the Large & Small Business & Rural Cooperation Foundation and Korea Venture Investment Corp. It said this is the first case of using mutual growth cooperation funds for venture investment after an enforcement decree revision. The fund will also seek to build a 5 billion won sub-fund through private matching.