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Finance

IBK Industrial Bank of Korea to supply 1.5 trillion won for inclusive and productive finance with KODIT and KIBO

IBK Industrial Bank of Korea said on Wednesday it signed a memorandum of understanding with the Korea Credit Guarantee Fund and the Korea Technology Finance Corp to expand support for inclusive and productive finance. Total support will amount to 1.5 trillion won. The bank will supply 500 billion won for inclusive finance and 1 trillion won for productive finance, offering loan-rate reductions and guarantee-fee support to eligible small and medium-sized firms.

Games & Commerce

Wemade Connect launches subculture title 'Make Drama: MAD'

Wemade Max's subsidiary Wemade Connect has launched a new mobile subculture role-playing game, 'Make Drama: MAD', in the South Korean market, it said on Wednesday. The title, developed by FluffyDuck, focuses on collecting and developing girl characters and features story-driven narratives, live-illustration animation and touch-response interaction systems. The launch version is rated for adults and is available on Google Play and One Store. The company also announced reward events and planned ongoing updates.

Crypto

Grayscale lists Hyperliquid staking ETF 'HYPG' on Nasdaq, fee 0.29 percent

Asset manager Grayscale has listed the Hyperliquid-based staking exchange-traded fund (ETF) HYPG on Nasdaq. The product charges a 0.29 percent fee, the lowest among HYPE spot ETFs listed in the United States, Cryptopolitan reported. The listing brings the number of Hyperliquid spot ETFs launched in the U.S. market to 3 in the past 3 weeks, amid intensifying fee competition. HYPG participates in staking and reflects rewards in net asset value after fees and costs.