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Finance

Stablecoin race for control spreads, KOSPI nears 7,000

Competition over global payment infrastructure centered on stablecoins is spreading across the financial industry. Hana Financial Group is moving to cooperate on blockchain-based remittances with Dunamu and POSCO International, while Visa is expanding its stablecoin pilot and adding five more blockchains. U.S. banks are calling for stronger in-house blockchain strategies, and Shinhan Card is expanding a Solana-linked proof-of-concept. Markets also remain strong, with the KOSPI holding above 6,600 and repeatedly hitting record highs.

Finance

KB Kookmin Bank launches \'SSG KB Bank\' with SSG.com in platform finance push

KB Kookmin Bank has launched \'SSG KB Bank\' with SSG.com, allowing users to access banking services inside the shopping app without switching to a separate app. The service is based on an innovative finance service designation that permits non-financial platforms to advertise and broker financial products. The bank also introduced dedicated products reflecting customer spending patterns, and separate services for merchants, including deposit, savings and consulting support.

Games & Commerce

FTC orders Coupang, Naver and five other open markets to fix unfair terms, block privacy liability waivers

South Korea’s Fair Trade Commission said on April 27 it reviewed the terms of service of seven open market operators, including Coupang and Naver, and ordered corrections to 11 types of unfair clauses. The measures focus on fixing provisions that shifted onto users the responsibility for personal data protection and brokerage management that operators should bear. The operators submitted correction plans and plan to implement revised terms after amendment procedures.