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Finance

KB Kookmin Bank teams up with Kim & Chang on inheritance finance services

KB Kookmin Bank is strengthening its comprehensive asset succession services by partnering with Kim & Chang. The bank said it signed a memorandum of understanding on mutual cooperation in inheritance finance business with the law firm on Aug. 14. The two sides agreed to cooperate on legal advice to prevent inheritance disputes and on education and seminars related to inheritance tax law. The bank plans to expand services to consultations for clients with overseas assets and to legal advice in non-financial areas.

Crypto

Arthur Hayes says dollar supply could rise as Japan defends yen; bitcoin, gold may benefit

BitMEX co-founder Arthur Hayes said U.S. Federal Reserve dollar liquidity provision could expand as Japan seeks to push up the yen. He outlined a scenario using the Fed’s FIMA repo facility, in which Japan posts U.S. Treasuries as collateral to borrow dollars, sells them for yen and then invests the yen in domestic assets. Hayes said this could expand the Fed’s balance sheet and channel liquidity into bitcoin, ether, gold and gold miners.

Finance

Hana Bank opens foreign exchange capital transaction center in Seoul\'s Gangnam

Hana Bank has set up a dedicated organisation to support foreign exchange capital transactions, including foreign direct investment, overseas investment and emigration. The bank said it opened a Foreign Exchange Capital Transaction Center in Samseong-dong, Seoul\'s Gangnam district, on Aug. 11. It will provide reporting and consulting services, foreign currency funding and cross-border capital transaction advice, and also offer services for emigrants and returning overseas Koreans.