Search results for OK Financial Group
Finance
OK Financial Group named preferred bidder to buy Yebyeol Non-Life Insurance
The sale process for Yebyeol Non-Life Insurance has moved to the stage of selecting a preferred bidder. The Korea Deposit Insurance Corporation said on Thursday it chose OK Next Co, part of OK Financial Group, as the preferred bidder after evaluating bids in a re-announced public sale. KDIC received final acquisition proposals from 4 companies and will grant an exclusive negotiation period to proceed with sale talks and a share purchase agreement.
Finance
Stablecoin payment models take shape from FX to remittances
Moves by South Korean companies to integrate stablecoins into payment services are accelerating as industry plans become more concrete. Hecto Financial is working with Singapore-based stablecoin payments firm TripleA to build a global payment and settlement service, and has joined Circle’s Circle Payments Network. Blockchain-based payment and settlement infrastructure company SuhoIO unveiled a next-generation foreign exchange settlement model using stablecoins.
Finance
OK Savings Bank launches OK Living Expense Account, Early Bird Savings
OK Savings Bank, an affiliate of OK Financial Group, launched the OK Living Expense Account and OK Early Bird Savings for new customers, it said on Monday. The demand deposit account pays interest even after one day and offers preferential rates for automatic bill payments. The savings product is linked to the bank’s mobile app and adds preferential rates for marketing consent and early-morning login missions, applying up to a 26 percent rate.