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Finance

Securities industry may hit brakes on digital asset business, watches regulatory variables

South Korea’s securities industry is accelerating digital asset plans but is watching regulatory moves after Bithumb’s large-scale bitcoin mispayment incident. Key issues in talks on the Digital Asset Basic Act include limiting major shareholders’ stakes in exchanges to 15 to 20 percent and requiring won stablecoin issuers to be majority bank-owned. Firms are expanding tokenised securities partnerships, while some warn new rules could curb exchange investments and shift control of stablecoin payments to banks.

Finance

Sh Suhyup Bank holds consumer protection rally, vows to boost customer trust

Sh Suhyup Bank said on Wednesday it has established a bank-wide consumer protection management plan and will work to embed a financial consumer protection culture across the organisation. The bank held an employee rally on strengthening financial consumer protection during its 2026 management strategy meeting attended by about 220 branch managers and staff. It also cited measures such as a new inspection team, a staff panel and services for elderly, disabled and other customers.

Finance

Woori Bank CEO Jung Jin-wan vows to narrow gap with rival banks this year

Woori Bank CEO Jung Jin-wan said the lender will quickly narrow the gap with rival banks this year and lead a “second leap.” Woori Bank said it held its 2026 management strategy meeting in Incheon with about 900 executives and managers attending. Participants shared four strategic directions under the 2026 management goal, including expanding customers and strengthening earnings. Jung also called for changes in sales methods, tighter controls and stronger information security.