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Finance

iM Bank DC pension one-year return 23.12 percent tops banks

iM Bank ranked first among South Korean banks for one-year returns on defined contribution (DC) retirement pension products without principal protection, posting 23.12 percent as of end-September 2026, it said. Returns on individual retirement pension (IRP) non-principal-protected products were 27.48 percent over one year and 18.88 percent over three years, ranking second among banks. The bank also posted high rankings in principal-protected products and DB-type products.

Finance

Korean financial groups post third-quarter results as stock market outlook hits zero visibility

Korean financial holding firms and banks continued to release third-quarter results, with Woori Bank posting its biggest quarterly net profit on record and Hana Financial Group lifting year-to-date profit on higher fee income. Brokerages faced weakening profitability as trading value fell and market rates rose, adding valuation loss pressure in trading. The Bank of Korea held its policy rate at 3.00 percent, while competition in retirement pensions and expanded support for small firms continued.

Telecommunications & Media

Lee Jeong-heon calls to convert telecom fee discounts into AI and content digital vouchers

A South Korean lawmaker called for converting telecom fee discounts for vulnerable groups into a digital voucher system covering AI, digital content and device purchases. Lee Jeong-heon said the current discount scheme does not reflect changes in digital consumption. Citing household trend data, he noted the share of telecom services in ICT spending fell from 79 percent in 2012 to 60 percent in 2025, while digital content and devices gained share. He also raised concerns about funding burdens.