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Finance

BNK Financial reviews second-half economic outlook, seeks marine industry-focused finance

BNK Financial Group reviewed its outlook for the economy and foreign exchange markets in the second half and discussed the role of financial firms in revitalising the regional economy and marine finance. The group held its BNK Future Vision Forum in Busan with about 100 executives and department heads from affiliates. Presentations covered the FX market outlook, key market variables and the role of finance in regional growth. A former oceans minister urged expanding marine industry-focused finance.

Finance

PG firms team up to block fraudulent payments, rate hike fallout in focus

South Korea\'s fintech sector is expanding payment infrastructure while strengthening security and user protection. The Financial Supervisory Service and the Korea Fintech Industry Association launched a consultative body with major payment gateway firms to curb suspicious transactions. The Bank of Korea raised its policy rate to 2.75 percent, the first hike in 3.5 years, prompting tighter household lending management. Authorities also plan higher deposits and trading units for single-stock leveraged ETFs.

Finance

BNK Financial reshuffles organization to focus on Busan-Ulsan-South Gyeongsang industries and AX

BNK Financial Group has carried out a second-half organizational reshuffle centered on a strategy tailored to the Busan-Ulsan-South Gyeongsang region and support for key local industries. It set up new units at the holding company to handle regional economic research, localized ESG strategy and an AI transformation drive, and created dedicated industrial finance organizations at Busan Bank and Kyongnam Bank. It also added teams focused on digital assets and marine finance.