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Finance

MyData market expands as Korea faces impact of consecutive base rate hikes

Korea\'s financial MyData service is set to expand beyond individuals to sole proprietors and small merchants, evolving from simple data checks to executing financial tasks. The Financial Services Commission plans to broaden the right to request transmission of credit information and to introduce a \"My AI agent\". Separately, the Bank of Korea has raised its base rate for a second straight month, adding to upward pressure on loan rates and borrowers\' interest burdens.

Fintech

Hana Bank\'s Travelog foreign currency account tops 100,000

Hana Bank said on Aug. 24 that sign-ups for its Travelog foreign currency demand deposit account surpassed 100,000 about 10 months after launch. The account links foreign currency storage, payments and investment, connecting Hana Financial Group\'s Travelog travel service with Hana Bank\'s foreign currency deposits and Hana Securities\' overseas stock trading. Customers can charge foreign currency into \"Foreign Currency Hana Money\" without fees and keep unused funds to earn interest. Up to 10 currencies can be deposited, with a combined limit of $10,000.

Finance

Hana Bank ISIC international student card issuance tops 20,000 this year

Hana Bank\'s issuance of ISIC international student identity cards has exceeded 20,000 this year, it said on Sunday. The bank said cumulative issuance from January to July topped 20,000, supported by products linked to its Travelog overseas travel service and cards available to foreign students at universities in South Korea. The ISIC card certifies student status and offers discounts on travel, culture, transport and lodging.