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Finance

Simple payments expand acceptance as night stock trading ramps up

South Korea\'s simple payment companies are expanding where their services can be used by linking existing networks and supplying payment infrastructure to new sectors. Banks and internet-only lenders are also widening mobile lending and alternative credit offerings. Regulators and the government are moving on youth savings, transport fare support and payment security checks. After-hours trading has extended KOSPI and KOSDAQ hours to 8 p.m., while debate continues over digital asset taxation and related infrastructure.

Crypto

Hana Financial, Hanwha Asset Management join hands with Abu Dhabi ADGM on stablecoins, cross-border payments

Hana Financial Group and Hanwha Asset Management will work with Abu Dhabi Global Market (ADGM) to explore digital finance opportunities including stablecoins and cross-border payments and remittances. Hana Financial said the three parties signed a tripartite memorandum of understanding on Sept. 16 to cooperate on stablecoin business and cross-border financial infrastructure linking South Korea and Abu Dhabi. The agreement focuses on jointly reviewing business models and infrastructure use rather than issuing a stablecoin or launching payment services immediately.

AI & Enterprise

South Korea, UAE to expand cooperation on digital and advanced technology investment

South Korea will expand investment and industrial cooperation with the United Arab Emirates in digital and advanced technology, the government said. Second Vice Minister Ryu Je-myung attended the Abu Dhabi Investment Forum Seoul 2026 in Seoul and expressed a commitment to broaden cooperation. The forum discussed collaboration in future industries such as AI, robotics and advanced manufacturing. Seven memorandums of understanding were signed between Abu Dhabi agencies and South Korean companies.