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Industry

Global ESG focus shifts to governance, South Korean companies face urgent response

The focus of global ESG is shifting rapidly toward corporate governance, as shareholder proposals in the United States increasingly target board structure and capital policy. In South Korea, a series of Commercial Act revisions and mandatory treasury share cancellations are strengthening governance rules and raising pressure on major groups. Some companies are moving early to cancel shares, while others are adding exception clauses or reshaping board structures, prompting warnings of longer-term governance risk premiums.

Crypto

Wemade teams up with BDACS to build standard model for stablecoin payments

Wemade signed an MOU on April 21 with digital asset custodian BDACS to develop a stablecoin payment model and cooperate on business. The two will link Wemade’s won stablecoin-only mainnet, StableNet, with BDACS’ corporate custody wallet. StableNet lets users pay transaction fees in won stablecoins without a gas token and supports KYC and AML compliance solutions. They also plan to jointly design reserve management and short-term custody asset operation architecture.

Games & Commerce

Korean game makers seek breakthrough on consoles as mobile growth slows

South Korean game companies are increasingly turning to consoles as growth in mobile games slows. A Korea Creative Content Agency report showed console game exports rose 15.1 percent in 2024 to $213.76 million, the fastest growth among platforms, while PC game exports fell. Recent sales successes, including Pearl Abyss’ Crimson Desert, have reinforced the shift. Companies are expanding multi-platform lineups, though revenue structures and long development cycles pose challenges.