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Finance
KB Kookmin Bank expands 10 trillion won interest rate preferential programme
KB Kookmin Bank is expanding its interest rate preferential programme to support small and medium-sized companies and small merchants. The bank said on March 29 it will operate the programme with a total scale of 10 trillion won. From April, it will increase its productive finance interest rate preferential programme to 6 trillion won from 3 trillion won. It will also maintain its branch-decision programme at 4 trillion won.
Mobility
Seoul gasoline price tops 1,900 won on third day of second oil price cap
Seoul’s average gasoline price rose above 1,900 won per litre on March 29, the third day since the government implemented a second cap on oil product prices. Nationwide, average gasoline prices increased to 1,861.8 won per litre, while diesel rose to 1,855.1 won. In Seoul, gasoline averaged 1,911.3 won and diesel 1,889.5 won. The government set new maximum prices on March 27.
Finance
Shinhan Financial makes 100 billion won additional contribution to Miso Finance Foundation
Shinhan Financial Group has made an additional 100 billion won contribution to the Shinhan Miso Finance Foundation, becoming the first among 38 operators of Miso Finance foundations in South Korea to do so since the foundation was established in 2009. The group said it signed an agreement with the Korea Inclusive Finance Agency and the foundation to support youth and regions in crisis and discussed cooperation measures. It also plans an asset-building support programme for diligent borrowers.
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Crypto
Ethereum turns higher for first time in 6 months, but further downside pressure lingers
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Crypto
XRP could fall another 18 percent as bear flag pattern forms
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Finance
Hana Financial to build HanaThe Next Lifecare elderly care facility
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Finance
Samsung Electronics, SK Hynix two-times ETF launch nears as regulators stress investor protection
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Industry
Dairy industry enters second round of 'protein war' with higher content, derivative products
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Finance
Fintech firms step up battle over games and mini-apps to boost time spent
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AI & Enterprise
EY says executives still layer AI on existing structures instead of fundamental change
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Crypto
xStocks tokenisation platform puts unlisted stock fund on-chain
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AI & Enterprise
Stanford study says AI chatbot flattery could weaken users' social skills
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AI & Enterprise
Physical Intelligence seeks additional $1 billion funding, aims to build ChatGPT for robots
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AI & Enterprise
Anthropic's Claude sees paid subscribers surge, more than double this year
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Crypto
XRP sees 1.3 billion token outflow over six months, but 11 percent rebound possible
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Crypto
Bitcoin may struggle to recover until 2027 if it breaks below $60,000, analysis says
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AI & Enterprise
LinkedIn founder on the real shift AI will bring to SaaS
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Industry
Combat drones shift from lithium-ion batteries to hydrogen fuel cells