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Finance

Race to pre-empt won stablecoin as third financial hub nears

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.

Finance

KakaoBank launches foreign currency account event, $100 draw for collecting three currencies

KakaoBank is running an event for its foreign currency account customers in which it gives out random foreign currency. The promotion runs until Sept. 20. Customers can join by tapping a button on the event page in the KakaoBank app, and the currency is deposited immediately into their foreign currency account. If a friend participates for the first time via a shared link, the customer gets one extra draw. KakaoBank will award $100 to 100 customers who collect at least three currencies.

Finance

K Bank launches limited \'ONE Check Card Bonobono Edition\'

K Bank said on Aug. 18 it launched the \'ONE Check Card Bonobono Edition\', a limited release of 50,000 cards using the global character Bonobono. The edition comes in four designs featuring characters including Bonobono, Porori and Nuburi. To mark the launch, customers who receive the edition will also get a sticker pack containing five removable stickers made by the bank. New customers can apply without an issuance fee.