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Finance

KB Kookmin Bank expands \'KB Hope Finance Center\' nationwide to support vulnerable groups

KB Kookmin Bank said it has expanded its \'KB Hope Finance Center\' from Seoul and Incheon to major hubs nationwide, including Daegu, Daejeon and Busan. The centres support vulnerable customers by providing debt adjustment and credit counselling services. The bank said the centres also guide customers on debt relief systems and policy finance products, including options to switch from high-interest loans. It also introduced an AI agent to strengthen counselling support.

Industry

China LED chip maker Sanan Optoelectronics drops bid for Dutch firm after U.S. security review

Chinese LED chip maker Sanan Optoelectronics has abandoned its planned acquisition of Dutch technology company Lumileds Holding after opposition from U.S. authorities. Its Malaysian partner, Inari Amertron Berhad, withdrew a $239 million cash offer after the Committee on Foreign Investment in the United States cited “unresolvable” national security risks. Sanan said CFIUS asked for the filing to be withdrawn and the deal to be abandoned, and both sides halted the process.

Games & Commerce

Small game developers in South Korea falter as weak launches shake survival model

Warning signs are mounting for small and midsize game developers in South Korea, with setbacks ranging from PixelTribe’s shutdown and bankruptcy to CloverGames’ corporate bankruptcy filing and a publishing dispute between Hound13 and Webzen. The cases share a fragile business model in which early monetisation failures quickly trigger reduced operations, cash squeezes and staff departures. A tougher funding climate, higher fixed labour costs and widening AI-driven productivity gaps with large developers are also adding pressure.