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Fintech
KB Kookmin Bank launches \'No Arrears\' instant remittance service to prevent wage delays
KB Kookmin Bank has introduced a service aimed at improving the stability of wage payments for day laborers and gig workers. The service remits wages directly to workers’ bank accounts through a platform, while brokerage introduction fees are transferred and settled separately. Launched in cooperation with the day labor brokerage platform Ilgaja, it also provides online labor and tax functions such as e-contracts, e-signatures and pay statements. The partners will initially run it for 340,000 workers and about 190,000 work sites.
Finance
Coocon posts 4.47 billion won Q1 operating profit, expands stablecoin and AI businesses
Coocon is expanding its business by positioning global payments, stablecoins and AI-based data services as its next growth drivers. First-quarter revenue fell 7.5 percent from a year earlier to 16.01 billion won, while operating profit rose 1.9 percent to 4.47 billion won. The company said it defended profitability through fee-based business expansion and cost efficiency, and plans to strengthen overseas payment links and stablecoin-based payments.
Finance
Toss Bank launches 10 percent savings product for new customers
Toss Bank launched a savings product for new customers on April 24 offering up to 10 percent annual interest. Only customers with no prior history of opening a Toss Bank account before April 21 can join, with one account per person. Sales run until May 19 but may end early once 100,000 accounts are filled. The product has a three-month term and a monthly deposit limit of 500,000 won.
