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Finance

Shinhan Financial completes insurance puzzle with Lotte non-life deal but faces capital injection and profit recovery tasks

Shinhan Financial Group has completed the final piece of its insurance business by agreeing to buy Lotte Non-Life Insurance, but it now faces the task of improving profitability. Shinhan Financial signed an SPA to acquire 77.04% for 693.3 billion won, implying a company value of about 900 billion won. It plans to invest a total of 1.2 trillion won, including 300 billion won for capital strengthening, while analysts differ on the need for additional capital injections and the pace of profit recovery after integration.

Crypto

Meritz Securities to cooperate with Canton Foundation on tokenisation and digital asset infrastructure

Meritz Securities will work with the Canton Network, a global institutional blockchain network, to explore the possibility of tokenising domestic financial assets and building digital asset infrastructure. The company said it signed a memorandum of understanding with the Canton Foundation, which operates the network. The two sides will review ways to convert financial assets into tokens within the scope allowed by regulations and discuss using Canton’s privacy-protecting institutional blockchain infrastructure in South Korea’s capital market.

Finance

Financial sector audit clashes over hacking, ETFs as digital asset rules near final stage

South Korea’s parliamentary audit of the Financial Services Commission focused on a string of hacking incidents, single-stock leveraged ETFs and the effectiveness of property loan curbs. Lawmakers raised concerns over inconsistent inspection periods and limited log reviews, while calls grew to ease network separation rules to counter AI-driven threats. Regulators also discussed stablecoin legislation, cross-border tracking of digital asset transfers and preparations for tokenised securities rules, alongside broader fintech and banking industry developments.