Industry

Shinsung E&G switches Kimje plant to mass production of high-output solar modules

Shinsung E&G said on Monday it held a launch event for a new production line at its Kimje plant in North Jeolla and formalised a shift to mass production of high-output solar modules through line upgrades. The company said the move follows its May strategy to overhaul its solar business portfolio around high output, high efficiency and low carbon. It described the upgrade as a qualitative transformation rather than a simple expansion.

Finance

Fintech posts record results as payment touchpoints expand, signs of loan curb easing

Major fintech firms posted strong first-half results as growth in payments and financial services lifted revenue and profit, with overseas payments and new businesses also expanding. Payment companies are widening links into daily life through merchants, local currencies and transport, while firms bundle payments with other services. As businesses grow, demands for soundness management rise. Separately, there are signs of partial adjustments to loan regulations, while bank lending volume controls continue.