Korea\'s online investment-linked finance industry is accelerating mid-rate lending to mid-to-low credit borrowers and sole proprietors after regulatory improvements. The Financial Services Commission plans to raise self-funding investment limits and financial-company linked investment caps, and expand limits for general investors. Major financial institutions are also stepping up CEO selection processes, while regulators tighten oversight of bank asset quality, governance and internal controls. Payment and digital-asset businesses widen partnerships and services.

iM Financial Group has started its management succession process to select its next chief executive. It plans to strengthen fairness and transparency by evaluating internal and external candidates under the same criteria and involving outside experts in verification. The chairman candidate recommendation committee set four selection principles and will run a three-stage process. It aims to pick a long list by late October, finalize a short list by late November and recommend a final candidate in December.