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Finance
Woori Bank issues foreign currency bonds directly at overseas branches, raises $275 million
Woori Bank said on Tuesday it directly issued foreign currency bonds through four overseas branches in London, Hong Kong, Los Angeles and Singapore, raising a total of $275 million. The bank said the issuance helps branches secure long-term foreign currency funding needed for local business, moving away from reliance on short-term funding. It used an MTN programme and plans to expand branches’ self-funding capacity and lift the programme’s issuance limit to $10 billion by year-end.
Finance
Hana Bank checks operations on first day of 24-hour forex market launch
Hana Bank said it has fully activated its foreign-exchange trading response system in line with the launch of 24-hour trading in South Korea’s won-dollar market. The domestic won-dollar market shifted to a round-the-clock system from Monday, allowing participants to trade at Seoul’s real-time exchange rates without time limits. Deputy Prime Minister Koo Yun-cheol and Bank of Korea Deputy Governor Assistant Kwon Min-soo visited the bank’s dealing room and reviewed extended-hours conditions.
Finance
Kang Tae-young of NH NongHyup Bank discusses global finance cooperation with City of London
Kang Tae-young (강태영), head of NH NongHyup Bank, discussed ways to expand global financial cooperation with the City of London. The bank said it met Susan Langley and Colin Crooks in Seoul to review cooperation in the UK financial market and steps to strengthen global business. Agenda items included market trends, joint investment between the UK and South Korea, digital assets and tokenisation, the direction of digital finance development and ways to adopt agentic AI.