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Finance

Shinhan, Hana and Woori expand supply chain finance with Korea Trade Insurance Corp for shipbuilding

Shinhan Bank, Hana Bank and Woori Bank are expanding financing with the Korea Trade Insurance Corp to support the shipbuilding industry’s supply chain. The banks and shipbuilders signed an agreement in Ulsan on May 13. Shinhan and Samsung Heavy Industries will jointly contribute 21.3 billion won, which will back 300 billion won in special guarantees. Hana will pursue 400 billion won in financing with HD Hyundai Heavy Industries, while Woori and Hanwha Ocean will supply 300 billion won in shared-growth financing.

AI & Enterprise

JobKorea says users of SmartPick performance-based hiring solution up 72 percent

JobKorea said on Wednesday the number of companies using its performance-based hiring solution SmartPick rose 72.2 percent from three months earlier as of end-April. Over the same period, the number of job postings on the service increased 95.3 percent, it said. The company said click-through rates rose 18.5 percent and application conversion rates increased 9.5 percent. It also said adoption is expanding regardless of company size.

Crypto

Bitcoin long-term holdings near 4 million BTC, raising supply shock risk

Bitcoin held by long-term investors is nearing 4 million BTC, raising analysis that the amount of supply actually available to trade is shrinking quickly. As institutions and high-conviction buyers continue to accumulate, a renewed rise in demand could intensify supply tightness and add upward pressure on prices. Analysts also point to stronger price support as a large share of recently bought bitcoin moves into profit territory.