Finance

PG firms team up to block fraudulent payments, rate hike fallout in focus

South Korea\'s fintech sector is expanding payment infrastructure while strengthening security and user protection. The Financial Supervisory Service and the Korea Fintech Industry Association launched a consultative body with major payment gateway firms to curb suspicious transactions. The Bank of Korea raised its policy rate to 2.75 percent, the first hike in 3.5 years, prompting tighter household lending management. Authorities also plan higher deposits and trading units for single-stock leveraged ETFs.

Finance

iM Financial runs outside director training for all affiliates focused on AI and stablecoins

iM Financial Group is running a training programme for outside directors across all group affiliates covering financial sector issues including AI, digital assets and risk management. The group said it is working with the Korea Finance Institute to provide a tailored programme through November. The curriculum includes AI transition strategies, the structure of stablecoins and their impact on financial markets, and key risk-management checks at financial firms.