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Finance

Sh Suhyup Bank posts 70 trillion won in assets in first half, 203.4 billion won pre-tax profit

Sh Suhyup Bank recorded total assets of 70 trillion won in the first half of this year and pre-tax net profit of 203.4 billion won. The bank said assets rose 6.7 trillion won from the end of last year, while pre-tax profit increased 7.0 billion won from a year earlier. It plans to strengthen loan asset quality and internal controls in the second half and pursue commercialization of new business ideas proposed by employees.

Industry

Woowa Brothers renews ISO 37301 compliance management certification

Woowa Brothers, the operator of the Baemin delivery platform, renewed its ISO 37301 compliance management system certification, maintaining international recognition of its compliance framework. The certification recognises company-wide compliance policies and risk response systems and requires annual follow-up reviews and a full audit every three years. Woowa Brothers first obtained the certification in 2023. The company said it has built a dedicated compliance organisation, strengthened internal auditors and runs compliance campaigns.

Telecommunications & Media

Baeh Kyung-hoon says telecoms must transform into AI companies as top 3 expand investment

SK Telecom, KT and LG Uplus will work with the government to expand next-generation network investment to respond to the AI era and form a public-private consultative body to discuss investment and telecoms regulatory improvements. Deputy Prime Minister and Science Minister Baeh Kyung-hoon said telecoms should transform into AI infrastructure and platform companies. The ministry plans a comprehensive policy package, while the carriers will expand membership benefits and provide temporary plan perks for youth and vulnerable groups.