| Mobile Web

Search results for Incheon International Airport

Industry

Final stage of U.S. investment talks: Can South Korea win duty-free export cap for chips?

Detailed talks over $200 billion of South Korea’s $350 billion investment package for the United States are entering a final stage, with Industry Minister Kim Jeong-gwan travelling to meet U.S. Commerce Secretary Howard Lutnick. Observers say Seoul needs to secure a written duty-free export quota for semiconductors proportional to investment as Washington designs chip tariffs to push more local production. Uncertainty remains over formulas and product coverage, while the government discusses responses across agencies.

Finance

Korean banks step up push for foreign customers with dedicated products and specialised networks

South Korean banks are intensifying competition to attract foreign customers as the number of foreigners staying in the country rises. Banks are expanding services beyond currency exchange and overseas remittances to payroll transfers, savings products, credit loans and wealth management. Major banks have strengthened dedicated products and specialised service networks. The combined number of foreign customers at key banks is estimated at about 7.9 million, with foreign deposit balances topping 27 trillion won.

Fintech

NH NongHyup Bank introduces Incheon Airport Smart Pass on NH AllOne Bank app

NH NongHyup Bank has introduced Incheon International Airport\'s Smart Pass service on its mobile app, NH AllOne Bank. The bank said on Aug. 21 the service can simplify departure procedures for airport users. Smart Pass allows departing passengers to verify their identity through facial recognition at departure halls and boarding gates after registering passport and boarding pass information in advance. The bank will also run an event from Aug. 26.