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Finance

Naver Pay extends up to 4 percent benefits on Woori Bank account, launches dedicated debit card

Naver Pay (Npay) extended special interest-rate benefits on a demand deposit product it offers in partnership with Woori Bank and launched a dedicated debit card with Woori Card. The deposit offers up to 4 percent annual interest, while debit card payments can earn up to 1.3 percent in points. Customers who join within six months of launch receive the special rate for one year, up to 2,000,000 won.

Finance

Financial sector hacking spreads, delays gain support for digital asset tax postponement

A string of hacking incidents in South Korea’s financial sector has led to confirmed personal data leaks at savings banks and mutual finance groups, prompting authorities to step up inspections and security requirements. Banks are moving to raise cybersecurity spending and expand fraud prevention systems using AI. Market volatility and a steep stock selloff also drew a policy response. Political debate intensified over postponing digital asset taxation and regulating exchange shareholders.

Finance

Naver Pay to provide 7.5 billion won special guarantee for Jeju small merchants

Naver Pay will contribute 600 million won jointly with Jeju Bank to provide a total of 7.5 billion won in special credit guarantees for small merchants in Jeju, it said. Each business can receive up to 50 million won in guarantees, with non-financial support such as distributing offline payment terminals and providing digital education. The programme will link with Jeju’s interest subsidy scheme and expand fee refund support for on-site payments through year-end.