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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.

Telecommunications & Media

New identity verification agency designation process launched; Broadcast Media Communications Commission to start accepting applications in May

South Korea\'s Broadcast Media Communications Commission is starting procedures to designate new identity verification agencies. It held its fourth meeting of 2026 in writing on April 27, reported its screening plan and posted the schedule and process online. Applications will be accepted next month, with on-site inspections in June and a final decision in August. The commission also decided on administrative fines for mobile-phone retailers accused of violating a law on handset distribution.

Finance

NH Investment & Securities decides to shift to co-CEO structure

NH Investment & Securities said on Thursday it decided at an extraordinary board meeting to shift to a co-CEO management structure. The company plans to run key business divisions under a specialized, accountable management system. It expects the change to improve execution and speed up decision-making, while linking growth in client assets with investment banking capabilities to bolster its medium- to long-term growth base. The board also plans to put in place safeguards in stages.