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Finance

KRX, KSD and KOFIA to conduct on-site review of shortened settlement cycles in U.S. and EU

Korea Exchange will conduct an on-site review in New York and London from April 27 to May 1 with Korea Securities Depository and the Korea Financial Investment Association to support a shorter stock market settlement cycle. KRX said the trip comes as major markets shift to T+1 settlement. The group plans to review U.S. experience and analyse Europe’s strategy through meetings with market bodies and financial institutions.

AI & Enterprise

Yanolja strengthens cooperation with Citi on global travel payment innovation

Travel tech company Yanolja said it will strengthen global cooperation with Citi to innovate payments for the travel industry. The plan extends a partnership that has continued since 2021 between Yanolja and Citibank Korea to Citi’s worldwide network. The companies will work to build a next-generation integrated payment and settlement system, focusing on improving B2B settlement efficiency and transparency, linking API-based automated settlement and payment systems, AI-based financial risk management, and expanding global cash management and payment infrastructure.

People

KakaoBank chief Yoon Ho-young joins campaign to eradicate illegal youth gambling

KakaoBank said on Tuesday that its CEO Yoon Ho-young joined a campaign aimed at eradicating illegal youth gambling. The relay campaign, led by the Seoul Metropolitan Police Agency, seeks to highlight the risks of youth gambling and strengthen prevention awareness. Yoon shared a photo carrying the campaign message on social media and encouraged broad interest and participation to protect adolescents. He nominated K Bank CEO Choi Woo-hyung as the next participant.