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Telecommunications & Media

Woori Bank becomes first domestic bank to secure government bond trade via global payment network

Woori Bank said on Wednesday it completed a transaction to directly trade and settle Korean government bonds with an overseas financial institution using an international central securities depository (ICSD). It said it was the first case by a domestic bank to conclude an actual trade with a foreign investor since offshore settlement via ICSD was allowed for local financial institutions in January. The deal also linked foreign exchange transactions and derivatives.

Finance

KakaoBank union to launch five-day full strike from Aug. 31

KakaoBank's union will begin a full strike from Aug. 31 through Sept. 4, covering five business days, after a one-day strike and compliance campaign last month. The union said the company failed to present an acceptable bargaining proposal and has not narrowed differences on key issues. It warned of possible service gaps and delays in customer consultations, complaint handling, loan reviews and manual processing, and internal approvals.

Telecommunications & Media

Samsung Electronics to unveil new Galaxy S26 series model at Aug. 27 event

Samsung Electronics will unveil a new model in its Galaxy S26 series, the company said. Samsung Electronics said in its newsroom it will hold a “Samsung Galaxy Event” at 9 p.m. on Aug. 27 to introduce the new product. The industry expects the Galaxy S26 Fan Edition (FE) model to be revealed. Leaked information suggests specifications including a 6.7-inch display, Exynos 2500 processor and a 4,900 mAh battery.