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Crypto

U.S. Republican senators urge review of bank capital rules for bitcoin holdings

Republican U.S. senators urged financial regulators to revisit bank capital rules for digital assets, saying current standards impose excessive burdens on holdings such as bitcoin. A joint letter sent on May 27 to the Federal Reserve, FDIC and OCC called for a fairer, more consistent framework for digital assets on banks’ balance sheets. Lawmakers also questioned the Basel Committee’s 1,250 percent risk weight for certain cryptocurrencies.

Industry

Samsung Electronics to give 20 percent of purchases in Onnuri gift certificates

Samsung Electronics will return 20 percent of product purchases in digital Onnuri gift certificates during a four-week campaign starting June 8. The company estimates total payouts at 400 billion won. Uniformed public officials, including military, police, firefighters and correctional officers, will receive a 30 percent benefit through the online Samsung Electronics Family Mall. Samsung said the event is its first step under a pledge to contribute 5 trillion won to society over five years.

People

Woori Financial launches 'Woori Hero Remembrance Campaign'

Woori Financial Group's Woori Financial Future Foundation is launching a campaign to honor the dedication of uniformed public servants who died or were injured in the line of duty. The foundation said on June 5 it will run the 2026 Woori Hero Remembrance Campaign in June, South Korea's month of remembrance and patriotism. The online campaign runs on the group's official social media channels through June 30, with selected messages turned into AI videos.