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Finance
Digital asset cross-industry ties spread as top 4 financial groups post 11 trillion won profit era
Big Tech, financial firms and payment companies in South Korea are widening digital-asset initiatives by teaming up with global blockchain companies. Kakao Group and Toss and Toss Bank are working with Circle to review stablecoin-based payment and settlement infrastructure and tokenised financial services. Banks are developing cross-border remittance and payment models. Separately, the top four financial holding groups posted combined first-half net profit above 11 trillion won, while regulators step up group-level oversight of fintech expansion.
Finance
WebCash joins IBK Industrial Bank of Korea digital platform and AI banking build
WebCash has won an 8.72 billion won project to revamp IBK Industrial Bank of Korea\'s digital banking, building a digital platform, global banking and AI-based services with LG CNS and Finger. The company said it signed a supply contract with IBK System for the first phase of the IBK digital banking rebuilding project. The work is the first step in a three-stage roadmap and aims to lay a foundation for expanding services and follow-up platform construction.
Finance
IBK chief Jang Min-young says inclusive finance needs lifecycle support, not just low-rate loans
IBK Industrial Bank of Korea outlined a new growth strategy focused on support for small and midsize firms, AI-driven digital transformation and stronger inclusive finance, CEO Jang Min-young (장민영) said. Jang said inclusive finance should go beyond providing low-interest loans and cover support across the full cycle, including helping vulnerable borrowers after funding and aiding recovery when problems arise. He also said the bank is reviewing issues in the current credit-rating system and other measures.
