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Crypto

Woori Bank to pursue easy payment infrastructure for foreign visitors with Crosshub

Woori Bank plans to develop a foreigner-only digital wallet to improve payment convenience for foreign visitors to South Korea. The bank signed a memorandum of understanding with fintech startup Crosshub on June 10 to jointly develop services aimed at easing payments for visiting foreigners. The partners aim to launch the wallet in the second half. They also plan a prepaid card charged in the user’s home currency and to test a stablecoin-based payment environment.

AI & Enterprise

MSIT selects 15 ICT future unicorns to support overseas expansion and funding

South Korea\'s Ministry of Science and ICT selected 15 companies for this year\'s Global ICT Future Unicorn Development Programme to support the global growth of promising AI and digital innovation firms. The ministry held a certificate presentation ceremony in Seoul on Tuesday. The programme, now in its seventh year, provides scale-up support and works with related agencies including NIPA, KODIT, the Korea Exchange and Seoul Guarantee Insurance.