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Finance
Woori, KB and Shinhan asset trusts sign MOU for Anyang urban complex development project
A consortium comprising Woori Asset Trust, KB Real Estate Trust and Shinhan Asset Trust has signed a memorandum of understanding to push forward an urban complex development project west of Myeonghak Station in Anyang, it said on Saturday. The project aims to redevelop aging residential areas and underused land into a mixed-use space combining housing and commercial functions. The consortium will review the project structure, prepare funding measures and support stakeholder consultations.
Finance
Alipay global ambitions grow as K Bank gains momentum in third IPO bid
Ant Group is accelerating its push into the global payments market, with Alipay Plus linking more than 40 mobile payment apps across dozens of countries in Asia, Europe and the Middle East. The network is used mainly by tourists at 150 million merchants in more than 100 countries and is expanding QR-based payment services to small businesses in developing countries. In South Korea, K Bank is in focus as it pursues a third IPO attempt, alongside product updates and new card features.
Finance
KB Real Estate opens LH rental housing service on subscription hub
KB Kookmin Bank said on Thursday it has added rental housing categories to the LH Subscription Hub offered on its comprehensive real estate platform, KB Real Estate. The hub has provided LH for-sale housing subscription information since December 2024, based on an MOU with Korea Land and Housing Corp. The bank said users can filter by region and link to the official LH Cheongyak Plus platform to apply and check results in one stop.