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Telecommunications & Media

Government, home shopping firms and SMEs pledge shared growth, push 10 tasks

The government, home shopping industry and small and medium-sized enterprises will strengthen cooperation to develop the home shopping sector and promote shared growth. The Broadcasting Media Communications Commission held a joint declaration event in Seoul on July 20 with 12 home shopping companies and partner SMEs. The participants agreed on regulatory reform and policy support, fair trading practices, user rights protection and stronger product and service competitiveness, and set out 10 joint action tasks.

AI & Enterprise

TTA to work with ITU to boost Asia-Pacific ICT standards capabilities, support firms\' overseas expansion

Korea\'s Telecommunications Technology Association (TTA) said it will work with the International Telecommunication Union (ITU) to spread ICT standards and strengthen capabilities in the Asia-Pacific region. TTA said it adopted a joint declaration with the ITU at an ITU regional development forum in Bangkok. The declaration focuses on standardisation and human capacity building, including expanded expert participation, stronger exchanges, and sharing experience and best practices to promote use of ITU standards.

Finance

NH NongHyup Financial prepares for fund-type retirement pensions with bank, securities and asset management team

NH NongHyup Financial Group said on Thursday it has built a groupwide infrastructure spanning banking, securities and asset management to prepare for the introduction of a fund-type retirement pension system. It aims to combine subsidiaries’ competitiveness with investment expertise and tailored asset management capabilities. NongHyup Bank ranked first among five major banks in fourth-quarter returns on principal non-guaranteed products. NH Investment & Securities and NH-Amundi Asset Management cited results and evaluation rankings.