Search results for Korea Financial Telecommunications and Clearings Institute
Finance
Korea Post to offer services for all commercial and regional banks at nationwide post offices
From October, customers of Gwangju Bank and Busan Bank will be able to use deposit and withdrawal services and ATM services without fees at about 2,400 post offices nationwide. Korea Post signed a partnership agreement with the two banks and the Korea Financial Telecommunications and Clearings Institute at Gwanghwamun Post Office on Aug. 28. The deal completes Korea Post’s shared financial counter network agreements with 14 domestic commercial and regional banks.
Finance
Toss Payments joins pilot for deposit token payment infrastructure
Toss Payments, the payment gateway unit of Viva Republica, is taking part in a private pilot to connect deposit tokens to existing payment networks. The company plans to build infrastructure that supports deposit token payments without merchants replacing terminals or developing separate systems. Toss Payments said it was selected as the preferred bidder for a project under the Blockchain Innovation Leading Project led by the Ministry of Science and ICT and the Korea Internet & Security Agency.
Crypto
Danal joins science ministry project to expand deposit token payment infrastructure
Danal will build online and offline payment infrastructure based on deposit tokens in connection with the Bank of Korea’s central bank digital currency pilot, Project Hangang. The company aims to use existing payment networks to reduce merchants’ system-building burden while improving settlement cycles and payment fees. Danal was selected to join a 2026 blockchain innovation project led by the Ministry of Science and ICT and the Korea Internet & Security Agency.
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Crypto
KB Kookmin Bank joins deposit token-based payment infrastructure expansion project
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Crypto
Government steps up blockchain-based deposit token payment infrastructure rollout
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Games & Commerce
Post offices start pilot loan applications for four major commercial banks
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Finance
Toss, Kakao Pay and Naver Pay to expand access to resident ID verification network
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Finance
Banks\' delivery apps and budget mobile services emerge as data for inclusive finance credit scoring
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Finance
Toss launches dormant deposit recovery service with SDFa
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Finance
Hana Financial activates 3 trillion won inclusive finance roadmap, expands mid-rate loans and debt write-offs
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Finance
Overseas Koreans to digitise financial power of attorney, process directly at banks without international mail
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Finance
Jeju Bank services to be available at post offices nationwide from May
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Finance
Toss shares digital finance operations with Philippines central bank, World Bank
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Telecommunications & Media
KT overhauls organisation, cuts executive ranks about 30 percent to focus on renewal and efficiency
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Finance
Naver Pay opens credit loan refinancing service for sole proprietors
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Finance
Banks, fintech brace for battle over refinancing for sole proprietors
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Finance
Online loan refinancing for sole proprietors to open, internet banks race to dominate
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AI & Enterprise
Upstage unveils in-house LLM Solar Open 100B as open source