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People & Appointments

Lee Kun-hee memorial marks sixth anniversary, revisits legacy of top semiconductor position

A memorial service marking the sixth anniversary of the death of former Samsung Electronics chairman Lee Kun-hee was held on Oct. 23 at the family burial site in Suwon. Samsung Electronics outlined his role in building its semiconductor business and establishing a pattern of investment during downturns, as well as management reforms and talent programmes. It also cited Samsung’s leading market shares in DRAM and NAND in the second quarter of 2026. The company noted his lifetime collection of cultural assets donated in 2021 and related exhibitions.

Finance

Lawmakers urge loan rule and simple payment changes as bank concentration deepens

South Korea\'s parliamentary audit raised concerns that funds are increasingly concentrating in banks while savings banks and mutual finance institutions shrink. Lawmakers also questioned the legal basis and procedures for the financial authorities\' household loan volume controls, calling them de facto mandatory rules. Separate inquiries focused on payment inconveniences for foreign tourists, Apple Pay fees and infrastructure costs, and limits on using iPhone NFC for local simple payment services. Authorities said they would review improvements.

Finance

Hana Financial holds Incheon mid-career re-employment fair with on-site interviews at 20 firms

Hana Financial Group held a job fair in Incheon to support re-employment for mid-career job seekers, with 20 local small but strong companies taking part. The event offered one-on-one on-site interviews and programs to help participants gain digital work experience and prepare for job searches. It also provided AI-based assistance such as resume writing and mock interviews, along with retirement-related financial counselling.