Telecommunications & Media

KT to tighten network management during summer holiday season, set up on-site repair teams by region

KT will intensively manage communications quality at major tourist destinations and transport hubs to prepare for large-scale travel during the summer holiday season. The company said it will run a nationwide network quality monitoring period from late July to the end of August, covering crowded areas such as beaches and campsites. KT will strengthen real-time traffic monitoring, optimise base station facilities and conduct prevention activities for weather-related damage.

Finance

President Lee orders rapid fixes for single-stock leveraged ETFs

President Lee Jae-myung ordered financial authorities to swiftly prepare supplementary measures for single-stock leveraged exchange-traded funds, which have been at the centre of a recent stock market volatility controversy. He issued the instruction during a Financial Services Commission briefing at Cheong Wa Dae on July 15. Regulators are reviewing steps including higher minimum deposits, stronger investor education, limits on new listings and tighter liquidity provider quote management.