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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.
Crypto
NHN KCP to pursue stablecoin payment integration with LINE NEXT
NHN KCP is working with LINE NEXT to expand stablecoin-based payment services. The companies signed a memorandum of understanding to link LINE NEXT\'s global digital asset wallet Unify with NHN KCP\'s domestic merchant network and payment infrastructure. They plan to add Unify Pay as a new payment option in NHN KCP\'s checkout. Once integration is completed, overseas users can pay with stablecoins held in their wallets at NHN KCP merchants.
Finance
Danal posts 115.4 billion won first-half revenue, eyes global payments and stablecoin expansion
Danal said in a filing on Thursday it posted first-half revenue of 115.4 billion won and operating profit of 3.0 billion won on a consolidated basis. On a separate basis, it reported revenue of 92.8 billion won and operating profit of 6.9 billion won. The company expanded its payments business, increased transactions in retail, culture and leisure, and continued investment in new businesses including stablecoins and a foreigner payment platform.
