South Korea\'s National Union of Financial Industry Workers called on the government to immediately withdraw its plan to relocate the Financial Services Commission to Sejong. The union said moving the commission could weaken cooperation among financial policymakers, supervisors and financial firms and undermine national competitiveness. It said swift decision-making and on-the-ground response were crucial during past crises. The union also demanded a halt to discussions on relocating major financial institutions outside Seoul.

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.