Crypto

Korea Fintech Industry Association discusses digital finance cooperation with Bank of England

The Korea Fintech Industry Association said it held talks with officials from the Bank of England on possible cooperation in digital assets and cross-border payments. Korean fintech companies joined the meeting to share business progress on stablecoin-based trade settlement, asset tokenisation and AI agent payments. Participants agreed institutional safeguards were needed to protect consumers and investors and to ensure payment system stability.

Finance

Kakao denies block deal and affiliate sale rumours, seeks to ease minority shareholder concerns

Kakao denied speculation about a possible block deal by its controlling shareholder and rumours it may sell major affiliates ahead of its planned corporate spin-off. At a minority shareholder meeting in Seoul, it said the split ratio does not represent the two units’ actual enterprise value and could be adjusted later. Kakao also said it will consider reflecting share price and shareholder value in executive compensation and reaffirmed plans for 300 billion won in buybacks and cancellations over three years.