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Finance

Who will be KB Financial\'s next chairman? Yang Jong-hee\'s re-election draws attention amid governance uncertainty

KB Financial Group has narrowed its shortlist for next chairman to six candidates, including incumbent Yang Jong-hee (양종희), as it begins the selection process amid delays in regulators’ governance reform plan for financial holding firms. The shortlist includes four internal and two external candidates, with one external candidate unnamed at their request. The committee plans interviews and further narrowing through September, with the final pick expected to be appointed at an extraordinary shareholders’ meeting in November.

Industry

LG Energy Solution raises NMP recycling rate to 97 percent, expands to global sites

LG Energy Solution said it has raised the recycling rate of an essential solution used to make battery cathode materials to 97 percent and will expand the practice to its global sites. It published its “LG Energy Solution ESG Report 2025” on Tuesday. The report includes expanding new NMP solvent recycling technology, appointing an outside director as board chair for the first time, and establishing new ESG disclosure rules.

Telecommunications & Media

Media communications commission renews KT Skylife satellite TV licence for 7 years

South Korea\'s Broadcasting Media Communications Commission voted to renew the satellite broadcasting licence of pay-TV operator KT Skylife for a period of 7 years. The commission reviewed the renewal at its 15th plenary meeting of 2026 on June 5 after the previous licence period expired last year. KT Skylife scored 697.52 out of 1,000 points, above the 650-point threshold. Renewal conditions were reduced to five from 20 conditions and five recommendations previously.