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Finance

KakaoBank expands services for foreign residents, from account opening to overseas remittances

KakaoBank is expanding services for foreign residents in South Korea, offering mobile account opening without branch visits, dedicated verification and multilingual support. It introduced a foreigner account, check cards, overseas remittances and multilingual counselling. Customers can submit documents in-app and obtain balance and transaction statements. Fees for transfers and ATM use are waived under the same conditions as domestic customers. KakaoBank plans to add deposits, open banking and loan comparison next year.

Games & Commerce

Gmarket opens Seongsu era as staff begin work at new headquarters

Gmarket said on Oct. 12 that employees have begun commuting to its new headquarters, Starlit Seongsu N, in Seongsu-dong, Seoul. The 11-storey building will be used mainly as office space, excluding lower-floor retail. The company said the office is designed around an OPEN concept to strengthen collaboration and communication. Facilities include an in-house cafe, rooftop garden, refresh zone and a healthcare room.

Industry

Kim Dong-seon to launch tender offer for 16.06 million Hanwha M&S shares using 128.5 billion won of personal funds

Kim Dong-seon will buy Hanwha M&S common shares through a tender offer for 16.06 million shares, the company said on Sunday. The offer runs for 22 days through Nov. 2 and targets existing shareholders. The purchase price is 8,000 won per share, a premium to the previous close and the recent one-month average price. About 128.5 billion won of Kim's personal funds will be used.