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Finance

Hana Bank to provide 68.75 billion won in guaranteed loans to Seoul alley businesses with Naver Pay, Seoul Credit Guarantee Foundation

Hana Bank will supply a total of 68.75 billion won in guaranteed loans to small merchants and small and medium-sized firms in Seoul, working with Naver Pay, Naver and the Seoul Credit Guarantee Foundation. Under the agreement, Hana Bank will contribute 5.0 billion won and Naver and Naver Pay 500 million won to the foundation, which will provide credit guarantees. Hana Bank will extend loans based on the guarantees.

Finance

Financial sector hit by hacking, security vulnerabilities exposed across the board

South Korea\'s financial sector faced a security emergency after a string of hacks and personal data leaks. Shinhan Bank had customer information for about 25,000 people leaked, while KB Kookmin Bank and Hana Bank confirmed leaks involving 119 and 89 customers. Regulators said related IP addresses linked to the same attacker were found across seven firms, with external-facing services used as attack routes. Authorities are investigating possible automated attacks using AI tools and ordered an industrywide security review.

Crypto

Utexo to issue USDT on bitcoin network

Utexo, backed by Tether, will issue USDT on the bitcoin network. CoinDesk reported that Utexo co-founder Viktor Ignatyuk (빅토르 이그나티우크) said the company has secured a commercial licence to issue USDT on bitcoin. Utexo plans to provide APIs, software development kits and cloud infrastructure to exchanges, wallet providers and payment service companies. Built on the RGB protocol and the bitcoin UTXO model, it will keep most transaction data off-chain and focus on private transfers, direct bitcoin-USDT swaps and bitcoin-collateralised loans.