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Finance

Savings banks raise deposit rates as money moves out, 4 percent products return

South Korean savings banks are raising deposit rates as deposit-like funds move out amid a stock market tilt. The average 1-year term deposit rate at 79 savings banks reached 3.74 percent as of June 26, the highest since November 2024. OK Savings Bank lifted rates to 4.5 percent on some products, while others raised term and demand-account rates toward 3 percent. Banks have also increased deposit rates, narrowing the gap.

Finance

Dcamp to share five startup cases linking financial services on June 24

Startup growth partner Dcamp will hold its \'Startup OI #Financial Sector\' event with the Korea Fintech Support Center on June 24 at Dcamp Mapo. Five startups — Goi Funeral Research Institute, Terafai, Tnaps, Whatsub and Wello — will present alongside financial institutions\' collaboration managers. They will outline problem-solving processes, data and technology-based synergies, business outcomes and future cooperation plans. Awards will be given for best and outstanding cases after presentations.

People

SOOP confirms women\'s volleyball team name \'SOOP Supers\', appoints Kim Se-jin as first coach

SOOP is outlining plans for a new women’s professional volleyball team as it moves to expand its sports business. The company said it has confirmed the team name as SOOP Supers for the club it recently acquired from AI Peppers and appointed Kim Se-jin as the team’s first head coach. SOOP said it will proceed step by step with roster building, staffing and operational systems.