Search results for Cuts
Finance
Race to pre-empt won stablecoin as third financial hub nears
South Korea\'s financial authorities raised their target for household loan growth this year and NH Nonghyup Bank resumed variable-rate mortgage lending, drawing attention to whether mortgage hurdles will fall across the sector. COFIX rose for a fourth month, increasing borrowers\' interest burdens. Financial support for mid-to-low credit borrowers and small businesses is spreading, while the government and regulators advance plans tied to regional finance hubs and debate over a won stablecoin shifts toward payment, distribution and custody infrastructure.
Finance
BNK Financial to provide 1.6 trillion won in Chuseok funding for SMEs and small merchants
BNK Financial Group will provide special loans worth a total of 1.6 trillion won to regional small and medium-sized companies and small merchants ahead of the Chuseok holiday. BNK Financial said on Sunday it will supply the BNK 2026 Chuseok Special Loan through BNK Busan Bank and BNK Kyongnam Bank from Aug. 24 to Oct. 26. Each bank will support 800 billion won, split between new funding and maturity extensions. Borrowers may receive interest-rate cuts of up to 1.0 percentage point.
Industry
Ecopro BM begins Hungary plant line conversion
Ecopro BM has begun work to convert an existing NCA production line at its Hungary plant into a line that can also produce NCM, it said on Sunday. The move aims to supply high-nickel cathode materials for premium electric vehicles in Europe from the fourth quarter of next year. The conversion is expected to cost about 40 billion won. The Hungary plant began commercial operations in the first half of this year and is running at 54,000 tons of annual capacity.
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Finance
Four major financial groups pledge 2 billion won for South Gyeongsang flood recovery
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Finance
IBK Industrial Bank to provide 200 billion won in financial support to young startups
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Crypto
White House engages industry as Clarity Act wavers and crypto market splits
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Crypto
Bitcoin enters \'indifference phase\' as trading and on-chain activity slump
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Crypto
Binance doubles portfolio margin leverage for XRP and RLUSD to 10 times, users should review existing positions
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AI & Enterprise
ECB warns of shock scenario: Even if AI is real, stocks can still slump
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Industry
Race heats up in autonomous driving technology as SDV competition intensifies
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Crypto
Bets surge on Fed holding rates steady in September in prediction markets
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Crypto
Bitcoin spot ETFs see $385 million outflow but bitcoin holds $64,000 level
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AI & Enterprise
Small AI models near large-model performance as Dokpamo second evaluation nears
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AI & Enterprise
Global AI market shifts toward price competition as U.S. firms step up cuts
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Industry
Tesla to cut output again at Shanghai factory in January 2027 amid weak China sales
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Telecommunications & Media
MacBook Air shortage worsens, deliveries delayed up to five weeks
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AI & Enterprise
Beyond AI adoption, embedding operations is key to closing the scaling gap for digital-native companies
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AI & Enterprise
Korean security industry pushes AI deployment as M&A gains momentum