Lfin, a company specialising in location-based multi-factor authentication technology, said on Wednesday it completed a project with Seoul Metro to build a tagless payment platform linked to telecom base stations from July 2024 to December 2025. The company said it demonstrated hybrid positioning combining base stations and short-range wireless communications and built integrated infrastructure at Seoul Metro sites. It also plans to expand the business into other fields, including location authentication services.

KT’s CEO selection process has entered its latter stage with seven candidates remaining. The board’s nominating committee will hold online interviews on Dec. 9 and may reveal a shortlist of three to four candidates afterward. The company reduced the field from 33 to 16 and then to seven. The board is expected to choose a final candidate on Dec. 16 for recommendation to the annual shareholders meeting in March 2026.