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AI & Enterprise

Hecto Group holds 10th blood donation campaign, donates 10,000 won per certificate

Hecto Group marked its 10th employee blood donation campaign by setting aside 10,000 won for each donated blood donation certificate to support treatment costs for children with cancer. The company held the 10th “HECTO&” campaign from Aug. 31 to Sept. 1. HECTO& is the group’s social contribution programme. It said it will donate the full amount accumulated through the Korea Pediatric Cancer Foundation.

Crypto

BoA, Deutsche Bank, UBS and others form stablecoin alliance of 21 global financial institutions

Twenty-one major global financial institutions have begun work to jointly establish a stablecoin issuer, with a plan to launch a U.S. dollar-based stablecoin in the first half of 2027. Participants include Bank of America, Goldman Sachs, Citi, Deutsche Bank, UBS, Santander, MUFG and Fidelity Investments. The group plans to focus first on a dollar stablecoin and later expand to products based on other G7 currencies, with a euro stablecoin listed next.

Finance

MyData market expands as Korea faces impact of consecutive base rate hikes

Korea\'s financial MyData service is set to expand beyond individuals to sole proprietors and small merchants, evolving from simple data checks to executing financial tasks. The Financial Services Commission plans to broaden the right to request transmission of credit information and to introduce a \"My AI agent\". Separately, the Bank of Korea has raised its base rate for a second straight month, adding to upward pressure on loan rates and borrowers\' interest burdens.