Crypto

Shinhan Bank tests stablecoin-based corporate overseas remittances for real-world use

Shinhan Bank implemented the full process for corporate overseas remittances using stablecoins and verified whether it could be applied in actual operations. The bank said it completed a proof-of-concept that keeps existing corporate remittance workflows while applying stablecoins to the bank’s payment and settlement processes. Corporate clients would continue using existing corporate banking and foreign-currency accounts. The Solana Foundation participated in technical cooperation.

Finance

Shinhan Bank retains Incheon city treasury mandate worth about 17 trillion won

Shinhan Bank won the mandate to remain Incheon’s primary treasury bank in a market worth about 17 trillion won, fending off a challenge from Hana Bank. Incheon said it selected Shinhan as the designated institution for the primary treasury role for 2027-2030, while NH NongHyup Bank was chosen as the secondary treasury bank. The primary treasury manages general accounts, special public enterprise accounts and funds.