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Finance
NH NongHyup Bank launches NH Modotour travel savings product
NH NongHyup Bank has launched a savings product in partnership with Modetour that combines travel funding with travel benefits. The bank will sell 10,000 accounts of the NH Modotour travel savings product from July 31 to Sept. 30. The 3-month flexible deposit savings plan allows monthly payments of 10,000 to 1,000,000 won. The base interest rate is 2.25 percent a year as of July 31, with additional preferential rates available.
Crypto
Societe Generale adds stablecoins to Canton Network for tokenised finance
French bank Societe Generale will use its own stablecoins, EURCV and USDCV, on the Canton Network to support tokenised collateral, repo financing and institutional payments. Its digital assets unit Societe Generale-FORGE will deploy the euro-backed EURCV and dollar-backed USDCV on the network. The stablecoins will be available only to permitted participants outside the United States and are not registered under U.S. securities laws.
Crypto
Woori Bank issues 300 billion won green bonds to expand ESG finance
Woori Bank issued Korea-style green bonds worth 300 billion won to expand ESG finance. The issuance, supported by a green bond interest subsidy programme hosted by the Ministry of Climate, Energy and Environment and the Korea Environmental Industry and Technology Institute, comprises 150 billion won of three-year notes and 150 billion won of one-year notes. The bank said proceeds will be used entirely for environmentally friendly projects including solar and wind power and waste energy recovery.
