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Finance

Korean financial groups post third-quarter results as stock market outlook hits zero visibility

Korean financial holding firms and banks continued to release third-quarter results, with Woori Bank posting its biggest quarterly net profit on record and Hana Financial Group lifting year-to-date profit on higher fee income. Brokerages faced weakening profitability as trading value fell and market rates rose, adding valuation loss pressure in trading. The Bank of Korea held its policy rate at 3.00 percent, while competition in retirement pensions and expanded support for small firms continued.

Finance

Seoul Fintech Week 2026 opens, from financial AI to stablecoins

Seoul Fintech Week 2026 opens on Oct. 26 to discuss financial service innovation using artificial intelligence and ways for fintech firms to grow. The three-day event in Yeouido is co-hosted by the Seoul city government, the Financial Supervisory Service and Shinhan Financial Group. It includes an awards ceremony for the Finovation Challenge, sessions on AI transformation and AI agents, startup demo days, recruitment programmes and seminars on tokenisation and stablecoins.

Finance

IBK Industrial Bank of Korea expands public MyData to corporate deposit services

IBK Industrial Bank of Korea is expanding the use of public MyData so it can electronically verify documents needed for corporate customers’ financial transactions. After first applying the service to corporate lending, it will also introduce it to deposit-taking services such as deposits. The bank said it is the first in the financial sector to apply the Interior Ministry’s corporate public MyData service to corporate deposit operations.