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Finance

Race to pre-empt won stablecoin as third financial hub nears

South Korea\'s financial authorities raised their target for household loan growth this year and NH Nonghyup Bank resumed variable-rate mortgage lending, drawing attention to whether mortgage hurdles will fall across the sector. COFIX rose for a fourth month, increasing borrowers\' interest burdens. Financial support for mid-to-low credit borrowers and small businesses is spreading, while the government and regulators advance plans tied to regional finance hubs and debate over a won stablecoin shifts toward payment, distribution and custody infrastructure.

Crypto

Bitcoin jumps 23 percent in week, breaks above 200-day moving average for first time in 9 months

Bitcoin surged more than 23 percent over the past week to around $77,000, briefly topping $79,000 and breaking above its 200-day moving average for the first time since November 2025. Ether, XRP and Solana also rose, lifting total crypto market value to $2.63 trillion. Analysts cited U.S. debt concerns, spot ETF inflows and shifting regulatory debates. Price outlooks diverged, while Mantra’s token slid to a record low amid a network incident.

Finance

Korean banks step up push for foreign customers with dedicated products and specialised networks

South Korean banks are intensifying competition to attract foreign customers as the number of foreigners staying in the country rises. Banks are expanding services beyond currency exchange and overseas remittances to payroll transfers, savings products, credit loans and wealth management. Major banks have strengthened dedicated products and specialised service networks. The combined number of foreign customers at key banks is estimated at about 7.9 million, with foreign deposit balances topping 27 trillion won.