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Citibank Korea has tapped Kim Kyoung-ho, its head of corporate banking, as its next CEO, marking the lender’s first leadership change in six years, the bank said Wednesday. The bank’s executive recommendation committee named Kim as the sole finalist at a meeting, Tuesday. If approved by the board and shareholders, he will succeed Yoo Myung-soon, who has led Citi since 2020 as its first female CEO. Her term expires Oct. 27. The committee described Kim as “a corporate banking expert with extensive experience serving large corporations and financial institutions,” citing his track record, deep knowledge of client relationships and the Korean market, as well as his understanding of risk management and internal controls. Kim joined Citibank Korea in 2001 and has held a series of senior roles in corporate banking, including large corporate banking and financial institutions coverage, before being promoted to an executive vice president in 2021. His appointment comes as Citi continues to reshape its Korean business following its exit from consumer banking. With corporate clients now at

As Korea confirmed a natural gas-fired combined-cycle power plant in Encinal, Texas, will be the first project under its $200 billion strategic investment commitment to the United States, power purchase agreements (PPAs) with potential power buyers are emerging as a key factor in determining the project’s commercial viability. In a National Assembly briefing on Tuesday, Industry Minister Kim Jung-kwan said the project will be worth $22.3 billion, with planned generating capacity reaching 6.3 gigawatts. The project will initially build a 1.4-gigawatt gas turbine power plant to assess actual demand and economic viability, before gradually expanding it with 4.9 gigawatts of more efficient combined-cycle generation capacity. The project will be funded entirely by Korea, while ownership will be split equally between Seoul and Washington. Electricity generated from the plant is expected to power artificial intelligence (AI) data centers in the region. In selecting the gas plant as the first project, the government considered “commercial reasonableness,” stipulated as a key condition in

With the terms of 54 top executives at major financial holding companies’ affiliates set to expire at the end of the year, including the CEOs of all five major commercial banks, the government is stepping up pressure on financial groups to make their leadership succession more transparent and address any procedural shortcomings, according to industry officials Wednesday. Financial Supervisory Service (FSS) Gov. Lee Chan-jin made the call at a meeting with the chairmen of eight financial groups — KB, Shinhan, Hana, Woori, NH NongHyup, iM, BNK and JB — at his agency's headquarters in Seoul, Wednesday. CEO appointments at their subsidiaries, Lee said, should be “a transparent and fair process for identifying the right candidates based on their capabilities, without being swayed by particular factions or personal relationships.” Holding companies that still lack what the FSS considers basic safeguards, including clearly defined qualifications for the top job and a minimum period for assessing candidates at each stage, should address those gaps before launching their appointment pr

Seedstars has named the 15 ventures joining the third cohort of SEED Inclusivity, its accelerator for startups building products and services for people with disabilities across Asia Pacific. Supported by Visa Foundation, the six-month programme brings together companies linked to India, Indonesia, Pakistan, the Philippines, Singapore and Vietnam. The cohort covers a wide range of […] The post Southeast Asia gains ground in Seedstars’s disability inclusion accelerator appeared first on e27.

A scam rarely begins with a dramatic breach. More often, it starts with something ordinary: a Facebook page selling discounted skincare, an Instagram post promising easy investment gains, or a message from a group that claims to have found a way to beat the market. By the time victims realise what has happened, the people […] The post Meta, Singapore Police disrupt 3.7M scam-linked assets across Facebook and Instagram appeared first on e27.

Wall Street finished near record highs on 23 September 2026. Asian equities extended gains. A technology rebound and falling oil prices supported the positive tone. The S&P 500 closed flat and sat roughly 0.4 per cent below its record high. The Nasdaq Composite and Nasdaq 100 advanced 0.5 per cent. The Nasdaq 100 touched […] The post Ethereum’s US$2,800 wall: Why bulls keep failing at the same level appeared first on e27.

For many consumers in Southeast Asia, the smartphone has become both a work tool and a status symbol. It is also getting harder to afford. That tension sits at the centre of 3cat’s next phase of growth. The Singapore-incorporated, Malaysia-born retailer of pre-owned electronics has raised US$4 million in Series A funding to expand into […] The post 3cat raises US$4M Series A to take used-device retail model from Malaysia to the Philippines appeared first on e27.

I recently presented at LEAP in Saudi Arabia, where I spent several days talking with founders, startup teams and people building businesses around emerging technology. Unsurprisingly, AI was everywhere. Much of the conversation centred on what AI could help people do faster: research that once took hours could be summarised in minutes, first drafts could […] The post Your startup has an AI strategy. Does it have a human strategy? appeared first on e27.

Alibaba Cloud, Alibaba Group Holding’s cloud business unit, is set to launch data centres in Turkey, Finland and the Netherlands over the next 12 months, speeding up an overseas push as it seeks to win enterprise customers through its “full stack AI capabilities” spanning chips, cloud infrastructure and multimodal models. The first of these new data centres will open in the Netherlands in October. The cloud unit will also add to existing data centre capacity in Malaysia, Germany, the United Arab...

For decades, the semiconductor industry has relied on one basic bargain: make silicon transistors smaller, and chips become faster, cheaper and more power-efficient. That bargain is getting harder to keep. As AI models grow larger and data centres consume more electricity, chipmakers are running into a materials problem. Silicon, the foundation of modern computing, can […] The post Nexstrom lands US$12M to bring 2D semiconductors to 12-inch wafers appeared first on e27.

Artificial intelligence has become one of the most exciting areas of healthcare innovation. From clinical documentation and diagnostics to patient engagement and remote monitoring, founders are finding new ways to bring AI into almost every part of the healthcare journey. But for healthtech startups in Southeast Asia, having an impressive AI model may not be […] The post Why Southeast Asia’s next healthtech winners will be built around healthcare workflows, not just AI appeared first on e27.

From project management and customer service to human resources (HR) and finance, businesses have access to more prebuilt software options than ever before. However, buying prebuilt software that is designed to serve businesses across a range of industries is unlikely to accommodate your specific needs. That’s why many businesses are building custom tools, rather than […] The post Build vs buy: Why custom tools are winning in 2026 appeared first on e27.