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Crypto

BitGo Korea\'s VASP report accepted in first case for a global firm

BitGo Korea, the Korean unit of global digital asset infrastructure firm BitGo, has completed the process for its virtual asset service provider (VASP) report to be accepted. The company said South Korea\'s Financial Intelligence Unit accepted its VASP report on Aug. 18. BitGo Korea said this was the first time a global digital asset company set up a new local entity and had its VASP report accepted. Hana Financial Group and SK Telecom are major shareholders.

Finance

Jeonbuk financial hub bid enters evaluation phase as financial groups build bases

Discussions on designating Jeonbuk as South Korea’s third financial hub have entered a full evaluation stage. The Financial Services Commission has finalised an evaluation plan and will conduct document reviews and on-site inspections in the third and fourth quarters before deciding within the year whether to grant the designation. As the National Pension Service anchors Jeonbuk Innovation City, four major financial holding groups have also moved to build asset management and capital market bases there.

Finance

Hana Financial launches \'Hana Green Mate\' campaign to cut carbon in daily life

Hana Financial Group is running a carbon neutrality campaign that encourages employees and customers to take part in everyday carbon-cutting actions. The group said the tailored eco-friendly campaign, called Hana Green Mate, runs from Aug. 13 to Sept. 30. Employees can access the program via a QR code and receive recommended missions based on their location. Customers can join by posting energy-saving tips on social media.