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Finance

Toss to offer prepaid cards to foreign students to support payments before opening bank accounts

Viva Republica, operator of Toss, will offer prepaid cards to foreign students who face difficulties using financial services before opening bank accounts in South Korea. Toss said on Aug. 27 it will provide the cards to newly enrolled foreign students through international offices at 15 universities nationwide. The cards can be topped up without a domestic bank account, including with cash at CU convenience stores, and used for offline and online payments.

Finance

KB Financial expands industrial safety support for 446 SMEs in second phase

KB Financial Group has completed the first phase of its programme to help small and medium-sized companies prevent industrial accidents and is moving to recruit participants for a second phase with the Korea SMEs and Startups Agency. The initiative provides tailored safety solutions for SMEs that face difficulty building safety infrastructure due to cost burdens and a lack of safety personnel. KB Financial will fully fund the 7 billion won budget.

Crypto

VanEck says bitcoin OK even if U.S. Democrats return; altcoins at risk

Bitcoin may not necessarily face headwinds even if the Democratic Party returns to power in the United States, an analysis said. VanEck digital asset research head Matthew Sigel said bitcoin could remain resilient under Democrats and should be viewed separately from broader crypto regulation. He said the bigger risk would be for other cryptocurrencies such as altcoins. Bitcoin has risen about 24 percent over the past seven days and was last around $78,438.