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Finance

Four major financial groups\' Q1 results split as AI, digital finance spread

South Korea\'s financial sector has entered the first-quarter earnings season, with non-interest income and non-bank units driving diverging results among major financial holding companies. KB Financial Group, Shinhan Financial Group and Hana Financial Group posted record results, while Woori Financial Group recorded a decline. Strong stock markets lifted securities firms\' earnings, and new savings and investment products were launched. The industry is also accelerating a shift toward AI and digital finance, alongside calls for stronger controls and risk management.

Industry

Global ESG focus shifts to governance, South Korean companies face urgent response

The focus of global ESG is shifting rapidly toward corporate governance, as shareholder proposals in the United States increasingly target board structure and capital policy. In South Korea, a series of Commercial Act revisions and mandatory treasury share cancellations are strengthening governance rules and raising pressure on major groups. Some companies are moving early to cancel shares, while others are adding exception clauses or reshaping board structures, prompting warnings of longer-term governance risk premiums.

People

Nam Gi-cheon (남기천) joins campaign to eradicate illegal youth gambling

Woori Investment Securities said on Thursday that its CEO Nam Gi-cheon (남기천) has joined a relay campaign to eradicate illegal gambling among teenagers. The campaign, launched in 2024 under the supervision of the Seoul Metropolitan Police Agency, is being carried out in relay form across various sectors. Nam took part after being nominated by Choi Seung-jae and nominated Shin Ho-chul as the next participant.