Shinhan Bank has launched a loan product offering up to 100 million won for preferred merchants on the co-prosperity delivery app Ddaenggyeoyo. Eligible businesses must designate settlement and card payment accounts with Shinhan Bank, set at least one major delivery platform settlement account to the bank, post average monthly sales of at least 10 million won over the past six months and have operated for at least six months. Loans run for 1 to 3 years with installment principal repayment and can use auto repayment services.

A China-led international standardisation project for blockchain infrastructure-as-a-service (BaaS) has been newly approved by the International Organization for Standardization (ISO). The effort seeks to establish common technical criteria that companies can use when adopting blockchain-based services, intensifying competition over standards in the blockchain infrastructure market. The project will address a technical framework and functional requirements for BaaS, with Germany, Britain, Ireland, Japan, Portugal and Uganda expected to participate.