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Industry

Will countries keep buying oil and gas? Clean energy reshapes national cost-benefit calculations

A climate “free-riding” strategy of leaving carbon cuts to other countries while continuing to use fossil fuels could increase economic losses for some countries, an analysis said. Fuel-importing nations may face longer exposure to import costs and price volatility by delaying the energy transition. Falling solar, wind and battery prices are changing national cost-benefit calculations, while electrification options such as electric vehicles and heat pumps have expanded.

Finance

Woori Financial supplies 34.7 trillion won in productive, inclusive finance over a year, expands SME and regional share

Woori Financial Group supplied 34.7 trillion won in productive and inclusive finance over a year under its Future Shared Growth Project launched in September last year. It expanded funding to small and medium-sized firms and regional businesses, while increasing support for vulnerable groups through measures such as long-overdue debt write-offs. The group said it reviewed performance and next year’s plans at a financial council meeting chaired by Chairman Lim Jong-ryong.

Crypto

Ripple CLO calls for supplements, not brakes, on U.S. stablecoin rules, says self-custody right must be protected

User protection and the right to hold assets in personal wallets have emerged as key issues in detailed U.S. stablecoin implementation rules, the National Cryptocurrency Association said in comments to the Treasury on rules tied to Section 3 of the GENIUS bill. Signed by NCA President and Ripple chief legal officer Stuart Alderoty (스튜어트 알데로티), the submission backs 100% reserve requirements while seeking safeguards against automatic freezes, a safe-harbor window, clearer grounds for reissuing stablecoins under court orders, and limits on regulating non-custodial wallets and software providers.