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Search results for nomination committee

Finance

P2P lenders gain momentum as rules ease; financial CEO appointments gather pace

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.

Telecommunications & Media

Bamittongwi votes to hold hearing for Eugene ENT, begins review of YTN approval cancellation

The Broadcasting Media Communications Commission voted to hold a hearing for Eugene ENT, YTN’s largest shareholder. The move is a preliminary step to determine whether to cancel the 2024 decision by the former Korea Communications Commission approving a change in YTN’s largest shareholder. The hearing will examine the legality of the approval process, participation by the then chair, and administrative procedures tied to the stake sale and follow-up measures.

Finance

Sh Suhyup Bank fails to pick final candidate for next CEO after no one secures four votes

Sh Suhyup Bank failed to select a final candidate for its next chief executive after no contender secured support from at least four of five members of the CEO nomination committee. The committee met on Tuesday afternoon but did not confirm a finalist and plans to reconvene later. It previously interviewed all six applicants. The field includes incumbent CEO Shin Hak-ki and FIU chief Lee Hyeong-ju among internal and external candidates.