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Finance

Hecto Financial says global business on track, confident of record results this year

Hecto Financial said it can sustain growth by leaning on its global business base as worries mount over delays in South Korea’s digital-asset legislation. The company said its core model is already structured to be executed immediately under global regulatory compliance. It said its cross-border settlement strategy targets global markets, limiting the impact of domestic rules. Hecto Financial also cited participation in Circle’s Circle Payments Network and rising overseas fiat-currency business.

Games & Commerce

Krafton annual meeting: Kim Chang-han wins third term amid criticism over weak share price

Krafton shareholders criticised the company’s weak share price and disclosed executive pay at its annual meeting on March 24, while approving all agenda items as proposed, including the reappointment of CEO Kim Chang-han and Chairman Jang Byung-gyu. The meeting approved a 20 billion won cap on directors’ remuneration and other items, and held a separate Q&A session for about 30 minutes. Executives addressed questions on share-price performance, compensation structure, pipeline plans and insider share purchases.