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Crypto

DB Financial Investment joins Ethereum Korea One as title sponsor

DB Financial Investment will take part as title sponsor of the Ethereum conference \"Ethereum Korea One: Genesis\" to be held in Seoul in September. The event will discuss the status of token securities business initiatives by domestic and overseas financial institutions ahead of the institutionalisation of token securities in South Korea, and ways to use Ethereum-based on-chain infrastructure. The Ethereum Korea Consortium said the conference will run on Sept. 28 to 29.

Crypto

Lambda256 upgrades CLAIR FDS/AML solution for financial institutions

Lambda256 said on Tuesday it upgraded its on-chain FDS/AML solution, CLAIR, into an integrated workflow supporting financial institutions\' anti-money laundering operations. It said the platform integrates on-chain transaction monitoring, STR analysis, KYT, a travel rule solution and on-chain data with internal institution data. The company said the system uses ontology-based knowledge graph technology and W3C standards, and provides domestic unlicensed exchange label data and rule-setting tools.

Finance

Kbank first-half net profit falls; SOHO loans double in a year

Kbank\'s net profit for the first half of this year fell 28.7 percent from a year earlier to 60.1 billion won. Excluding gains from loan receivables sales reflected in last year\'s results, net profit rose 77.3 percent to 33.1 billion won. Second-quarter net profit fell 60.6 percent as non-interest income declined. SOHO lending more than doubled year on year, supporting interest income and improving net interest margin.