Search results for Bank of Korea
Crypto
NH Nonghyup Bank, Bank of Korea and KECO cooperate on digital currency subsidy management
NH Nonghyup Bank will work with the Bank of Korea and the Korea Environment Corporation to build a digital currency-based system for managing state subsidies. The three organisations signed a memorandum of understanding on July 2 to 추진 a digital currency-based subsidy programme for medium-speed electric vehicle charging facilities. They agreed to operate a digital currency network stably for reliable payments and settlement and to support subsidy disbursement and management.
Finance
Financial Services Commission, industry ministry to grow physical AI firms with National Growth Fund
South Korea\'s Financial Services Commission and Ministry of Trade, Industry and Energy will link the National Growth Fund with a manufacturing AI transformation project to identify and support leading companies in physical AI. They discussed support measures at a joint public-private meeting at Korea Development Bank. The plan targets sectors including AI factories, robots and future vehicles, with about 16 trillion won to be supplied this year across six related fields.
Finance
KB Kookmin Bank consortium picked as preferred bidder for Jeonbuk offshore wind project
A consortium involving KB Kookmin Bank has been selected as the preferred bidder for the Jeonbuk southwest offshore wind public project in South Korea. The project will first develop 800 MW of a planned 2.5 GW offshore wind complex in waters off Buan, North Jeolla Province, under a public-led model in which public institutions hold at least 50 percent. KB Kookmin plans to provide financial advisory services and arrange project financing.
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Finance
Dongtan, Giheung, Guri designated as regulated areas; mortgage LTV set at 40 percent
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People
IBK Investment Securities appoints Choi Kwang-jin as new CEO
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Finance
IBK Industrial Bank of Korea to provide 500 billion won in financing for AI transition firms
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Fintech
Youth Future Savings open to applications regardless of birth year from June 29
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Finance
Savings banks raise deposit rates as money moves out, 4 percent products return
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Finance
KOSPI nears 10,000 but won at IMF-era levels as semiconductor dollars stay abroad
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Finance
Shinhan reignites financial super app race as AI moves into workplace
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Finance
IBK Industrial Bank of Korea pushes work innovation with employee-developed AI agents
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Finance
South Korea stocks swing wildly as network separation rules ease
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Games & Commerce
Korea Creative Content Agency\'s new head Kim Yun-ji begins three-year term
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Crypto
Aton wins KB Kookmin Bank Project Hangang phase 2 contract
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Finance
Won-dollar rate surges to 1,560, raising market jitters
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Finance
ELS fines cut to 600 billion won after local elections, financial policy in focus
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Finance
IBK Industrial Bank of Korea launches MyData-based home subscription service
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Finance
South Korean authorities issue verbal warning after won-dollar rate breaks 1,550