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Finance

Shinhan Financial to write off 500 billion won in delinquent debt, expand inclusive finance to 4.5 trillion won

Shinhan Financial Group plans an inclusive finance project worth 5 trillion won, including the write-off of 500 billion won in long-term delinquent debt to support vulnerable borrowers\' recovery. It will also expand inclusive financing for low-income people and small businesses to 4.5 trillion won by bringing forward next year\'s plan. Shinhan will restrict extensions of statutes of limitation on debt and broaden products and credit assessment models to support mid-to-low credit borrowers.

Finance

Woori Bank launches \'WON Dream Loan Refinancing\' for high-interest borrowers

Woori Bank said on Tuesday it launched the \'Woori WON Dream Loan Refinancing\' to reduce financial costs for customers using high-interest unsecured loans at Woori Financial Group affiliates. Eligible borrowers include workers earning 35 million won or less a year, freelancers, homemakers and other non-wage earners. The loan limit is up to 20 million won, with rates starting in the mid-4 percent range and capped at under 7 percent.

Crypto

Coinbase CEO sets out eight priorities for finance overhaul, including tokenisation, stablecoins, AI

Coinbase CEO Brian Armstrong set out eight key tasks the global financial system needs to address, including tokenised assets, stablecoins and artificial intelligence. He said blockchain-based finance is expanding beyond cryptocurrency trading into asset distribution, payments and broader financial infrastructure. He cited tokenised real-world assets, 24-hour markets, stablecoin payments and AI-based financial services as priorities for developers and policymakers to tackle.