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Finance

Banks raise deposit rates to counter stock market money move

Deposit products paying around 3 percent a year are reappearing in South Korea as lenders try to prevent funds from moving into a rising stock market. Major banks have made small increases in time-deposit rates, while NH NongHyup Bank has raised some one-year products to 3.05 percent. Time-deposit balances at the top five banks rose in February but remain below last November. Internet-only banks and savings banks have lifted rates more aggressively, while commercial banks remain cautious as market rates fall.

AI & Enterprise

HR-based AI platform flex recruits five ambassadors including KLPGA pro golfers

HR-based AI platform flex has appointed five ambassadors, including four KLPGA pro golfers and a golf announcer, as it seeks to target the large enterprise market. The company held a 2026 ambassador induction event on Feb. 19 at the Josun Palace Hotel in Seoul. flex said it gave the ambassadors employee IDs allowing access to its Bundang headquarters, business cards and welcome kits it provides to new hires.

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.