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Finance
Woori Bank makes first local corporate derivatives trade in London worth 70 million pounds
Woori Bank’s London trading centre has concluded its first derivatives transaction with a local company, it said on Monday. The centre provided a 70 million-pound loan and simultaneously executed an interest rate swap of the same size in cooperation with the bank’s London branch. Woori Bank said it directly hedged the resulting risk in London financial markets using its own trading book.
Telecommunications & Media
KT takes part in ministry-led 2026 READY Korea wildfire extinguishing drill
KT said on Oct. 5 it took part in the 2026 READY Korea wildfire extinguishing integrated drill hosted by the Ministry of the Interior and Safety in Chilgok, North Gyeongsang Province. KT said it was the only telecom operator to participate on site and conducted a comprehensive check of its response system as an operator of the disaster safety communications network. It operated mobile base station vehicles and reviewed emergency contact and outage assessment procedures.
AI & Enterprise
LG Uplus to work with Bango to expand overseas AI and content lineup on Youdoc subscription platform
LG Uplus said on Oct. 5 it will work with global subscription platform company Bango to offer overseas AI and content services on its subscription platform, Youdoc. The company plans to launch a video editing AI service in November, then expand with generative AI, productivity AI, creative AI and more global content services. The partners will use Bango's Digital Vending Machine to streamline contracts, system integration and launches.
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Telecommunications & Media
KT Japan launches tt mobile MVNO service for Japan long-term stays
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AI & Enterprise
Schneider Electric nears $20 billion acquisition of PTC
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Finance
Woori Bank launches savings product offering up to 9 percent interest
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Crypto
Ethereum layer2 Blast to shut down, citing lack of monetisation
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Crypto
Balancer confirms protocol shutdown, withdrawals only from late October
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Crypto
Stable links with Visa Direct to connect stablecoin settlement and bank accounts
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Crypto
Soneium to hand blockchain operations to OP Enterprise
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Finance
Banks race for local government treasury contracts heats up amid fairness row over criteria
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AI & Enterprise
K-AI strategy under scrutiny as battle heats up over decision AI models
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AI & Enterprise
Trump launches 'Super Intelligence Force' with DNI director Clayton as chair
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Crypto
Base applies third mainnet upgrade 'Cobalt', introduces conditional reserved transactions
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Telecommunications & Media
In 'Superbloom', a hyperconnected age brings a paradox and tragedy of communication
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Fintech
Financial sector hacking spreads, signs of same attacker at seven firms
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Crypto
Aave Labs proposes Aave Foundation in Cayman Islands, governance powers to remain with DAO
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Crypto
Utexo to issue USDT on bitcoin network