Search results for Social solidarity finance
Finance
Hana Financial appoints Lee Seung-yeol as CIFO to strengthen inclusive finance governance
Hana Financial Group said on Tuesday it will strengthen its inclusive finance execution framework by appointing Vice Chairman Lee Seung-yeol (이승열) as chief inclusive finance officer. The group said it executed more than 60 percent of its 3.1 trillion won annual inclusive finance target in the first half and will step up efforts in the second half. Plans cover youth and small business support, debtor protection and financial crime prevention, and expansion of social solidarity finance.
Finance
Shinhan Financial to provide 6 billion won over 3 years to boost social solidarity economy
Shinhan Financial Group will provide a total of 6 billion won over the next three years to help activate the social solidarity economy. Working with the Ministry of the Interior and Safety, it plans to expand a local circular economy model centered on Ansim Village in Daegu. The group will invest 2 billion won a year through the Shinhan Financial Hope Foundation. The support expands a 2023 agreement into the social solidarity economy field.
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.
