Search results for Jeonbuk financial hub
Finance
Race to pre-empt won stablecoin as third financial hub nears
South Korea\'s financial authorities raised their target for household loan growth this year and NH Nonghyup Bank resumed variable-rate mortgage lending, drawing attention to whether mortgage hurdles will fall across the sector. COFIX rose for a fourth month, increasing borrowers\' interest burdens. Financial support for mid-to-low credit borrowers and small businesses is spreading, while the government and regulators advance plans tied to regional finance hubs and debate over a won stablecoin shifts toward payment, distribution and custody infrastructure.
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
FSC finalises assessment plan for Jeonbuk financial hub designation, review due this year
South Korea\'s Financial Services Commission has finalised an assessment plan to decide whether Jeonbuk Special Self-Governing Province should be designated a financial hub. The commission said it reviewed and confirmed the plan at the 53rd meeting of the Financial Hub Promotion Committee on Aug. 19. Jeonbuk submitted a financial hub development plan to the commission on Jan. 29. A research institution and a 12-member panel will conduct written reviews and site inspections in the third and fourth quarters.