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Games & Commerce

Kakao Games stake deal completed, top shareholder changes to Line Yahoo

Kakao Games\' largest shareholder has changed from Kakao to a special purpose company backed by Japan\'s Line Yahoo, after a share sale and a third-party allocated capital increase were completed. The deal also completed the payment of 300 billion won in new funds. The new top shareholder is LAAA Investment, which holds 33.43 percent. Line Yahoo and related parties hold 38.95 percent in total, while Kakao\'s stake fell to 14.68 percent.

AI & Enterprise

LG CNS signs deal with SMEs federation to support AI transformation for small manufacturers

LG CNS said on Tuesday it signed a business agreement with the Korea Federation of SMEs to support AI transformation for small manufacturing companies. The pact, signed in Seoul, aims to help narrow the AI adoption gap between large and smaller firms in line with government policy. LG CNS will provide 4.2 billion won over two years for training, technical support and distribution and marketing assistance. The partners will also build manufacturing AI transformation models and select participating firms.

Finance

Inclusive finance pressure mounts, raising tensions in South Korean banks

Pressure from the government to expand inclusive finance is spreading across the financial sector, deepening banks’ 고민. Financial firms agreed to sell bonds held by a private bad bank after President Lee Jae-myung criticised long-term debt collection. Regulators plan to expand policy lending for lower-credit borrowers and launch an inclusive finance task force. Banks warn expanded lending could raise delinquency risks, increase provisions and add to losses tied to policy finance programmes.