AJP Asia Intelligence Agency

AI Pick

Savings Banks Close Branches in Major Seoul Areas Amid Shift to Online Banking Savings Banks Close Branches in Major Seoul Areas Amid Shift to Online Banking

The reduction of physical branches by savings banks is extending beyond regional areas to major commercial districts in Seoul and the surrounding metropolitan area. As online financial transactions become commonplace, large savings banks and financial holding companies are increasingly closing branches. This shift towards 'branchless savings banks' is being recognized as a rapid move towards cost efficiency.According to the Financial Supervisory Service's financial statistics information system,

Korea Zinc Supplies First Battery Copper Foil with 100% Eco-Friendly Processing Korea Zinc Supplies First Battery Copper Foil with 100% Eco-Friendly Processing

Korea Zinc announced on August 13 that its subsidiary KZAM has begun mass production of battery copper foil since June, supplying it to global battery manufacturers. This marks a significant achievement for the secondary battery materials business, which has been nurtured by Chairman Choi Yoon-bum as a future growth driver.KZAM expects to generate sales of up to 40 billion won from this supply. The battery copper foil, made by rolling copper into thin sheets, serves as a key material for the ano

Bank Loan Fraud Exposes Weaknesses in Lending Review Systems Bank Loan Fraud Exposes Weaknesses in Lending Review Systems

주요 은행에서 외부인이 허위 자료 등을 이용해 대출을 받아낸 금융사고가 잇따르면서 은행권 여신심사 시스템이 다시 시험대에 올랐다. 그동안 직원 횡령·배임 등 내부 금융사고를 막기 위한 통제를 강화해 왔지만 이번에는 외부인이 대출 심사망을 뚫는 방식의 사고가 반복되고 있다. 여러 은행에서 비슷한 사고가 발생하고 사고 금액도 뒤늦게 커지면서 대출 실행 전 검증과 사후관리 체계를 재점검해야 한다는 지적이 나온다. 13일 금융권에 따르면 KB국민·신한·우리·IBK기업은행은 지난 12일 외부인에

Woowa Brothers Releases New Book on Backend Development Woowa Brothers Releases New Book on Backend Development

Woowa Brothers, the operator of Baedal Minjok, announced the release of a new book titled 'Recent Elegant Backend Development' on August 13. This book compiles the real-world experiences of backend developers from Woowa Brothers' technology blog, organized by topic. It delves into the challenges and solutions faced by developers in managing architecture, traffic, data consistency, external integrations, and incident responses while operating a large-scale service like Baemin.Backend development

Japanese Investors Gain Access to U.S. Stocks During Tokyo Trading Hours Japanese Investors Gain Access to U.S. Stocks During Tokyo Trading Hours

Japanese individual investors will be able to buy and sell U.S. stocks in real-time during Tokyo trading hours starting in December. Major U.S. stock exchanges are extending their trading hours to 23 hours a day, prompting large online brokerages in Japan to launch weekly trading services. This change means that Japanese stocks and U.S. stocks will compete in the same time frame. Concerns have arisen that younger investors, who are particularly interested in U.S. big tech companies, may shift aw

HMM Reports 52% Increase in Q2 Operating Profit to 354.1 Billion Won HMM Reports 52% Increase in Q2 Operating Profit to 354.1 Billion Won

HMM reported strong performance in the second quarter of 2026, driven by rising maritime freight rates and improved fleet operational efficiency.On August 13, HMM announced that it achieved a revenue of 3.402 trillion won and an operating profit of 354.1 billion won for the second quarter, marking increases of 30% and 52%, respectively, compared to the same period last year. For the first half of the year, the company recorded revenues of 6.12 trillion won and an operating profit of 623.2 billio

South Korea to Add 230,000 Homes in Greater Seoul Area Amid Housing Crisis South Korea to Add 230,000 Homes in Greater Seoul Area Amid Housing Crisis

The South Korean government plans to secure an additional 230,000 homes in the Greater Seoul area, expanding its existing housing supply plans. This initiative includes acquiring new public land and expediting the start of existing projects, such as the third phase of new towns and redevelopment efforts, while also mobilizing urban and non-apartment housing supply.On August 13, President Lee Jae-myung chaired a senior secretary meeting at the Blue House, stating, "The real estate issue is a tick

Koreas Small Business Agency and CJ CheilJedang Partner to Expand Market Access for Local SMEs Korea's Small Business Agency and CJ CheilJedang Partner to Expand Market Access for Local SMEs

The Small and Medium Business Administration announced on August 13 that it has signed a business agreement with CJ CheilJedang at the Gangneung Science and Industry Promotion Agency in Gangwon Province.The agreement aims to support the expansion of market access and sales activation for outstanding small and medium-sized enterprises (SMEs) in the Gangwon Yeongdong region.The two organizations will collaborate in several areas, including identifying promising local companies, facilitating their

Investment Committee May Be Excluded from Upcoming US-China Summit Agenda Investment Committee May Be Excluded from Upcoming US-China Summit Agenda

Speculation has arisen that the 'US-China Investment Committee,' agreed upon during the summit in Beijing last May, may be excluded from the agenda of the upcoming summit between the two nations next month.Sean Stein, chairman of the US-China Economic Cooperation, a private organization focused on US-China relations, stated, "There is currently no evidence that the Investment Committee will be treated as a significant outcome at next month’s US-China summit," according to the South China Morning

President Lee Promises Enhanced Support for Veterans and Their Families President Lee Promises Enhanced Support for Veterans and Their Families

President Lee Jae-myung stated on August 13 that "the history of independence, national defense, and democracy is not separate but a single narrative that has shaped today’s South Korea," pledging to enhance recognition and support for national merit recipients and their families. On this day, President Lee and First Lady Kim Hye-kyung hosted a luncheon at the Blue House for over 130 national merit recipients and their families. He remarked, "Special sacrifices warrant special compensation. We