Jeju Bank customers will be able to use banking services at post office counters without paying additional fees. Korea’s Postal Service said it signed an agreement with Jeju Bank and the Korea Financial Telecommunications and Clearings Institute on the joint use of the post office counter network. Services will start at post offices in Jeju from May and expand to post offices nationwide from September.

The Bank of Korea is accelerating its central bank digital currency (CBDC) pilot, Project Hangang, as legislation on a digital assets framework law stalls in parliament. The project has moved into a second phase focused on building a basis for commercialising deposit tokens, expanding participating banks and planned QR-code payments at more stores. The bank will also test paying an electric-vehicle charging subsidy in deposit tokens, a first for public finance, while debate continues over stablecoin oversight.