Search results for foreign exchange rates
Crypto
Lambda256 launches digital asset-linked settlement verification project with K Bank and KSNET
Lambda256, a Dunamu affiliate and blockchain company, said on July 7 it has begun a proof of concept with K Bank and KSNET on a digital asset off-ramp and on-chain AML and fraud detection technology. The project tests whether financial institutions can operate a model that converts settlement funds into won after digital asset payments. It covers FX application, settlement request creation, AML/FDS checks, payout approval, on-chain settlement and monitoring with suspicious transaction reporting.
Finance
KRX holds emergency market review meeting, steps up response to stock volatility
Korea Exchange held an emergency market review meeting on June 8 to respond to rising volatility in domestic and global stock markets. It reviewed market conditions including a sharp fall in U.S. stocks and overnight futures, and discussed measures for future market management. The exchange said it would strengthen its organisation-wide readiness, closely coordinate with financial authorities and monitor global markets, Middle East developments and foreign exchange rates.
Finance
Regional financial holdings post mixed Q1 net profit results despite asset growth
BNK, JB and iM financial holding groups posted asset growth in the first quarter, but their profit structures diverged. Combined net profit rose 9.9 percent from a year earlier to 532 billion won. BNK’s profit jumped 26.9 percent, while JB and iM were little changed. Differences emerged in non-interest income, expenses and asset quality indicators. All three saw capital units strengthen their role in earnings and expanded shareholder return policies.