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Jeremy Allaire, founder and CEO of Circle, which issues the US coin stablecoin, will meet with KB Financial Group officials in Seoul this month to discuss broadening the companies' partnership and exploring new areas of financial cooperation. KB Financial, South Korea's biggest banking group, said Monday that Allaire is scheduled to meet its executives on April 13 to discuss ways to deepen ties. The partnership began in June last year with an executive-level meeting and has since evolved into wh
OCI Holdings said Monday its Malaysian unit, OCI TerraSus, has secured a $125 million financing agreement with the International Finance Corporation, the private-sector arm of the World Bank Group. The funding will support the construction and operation of a semiconductor materials plant in Sarawak, developed by OCI Tokuyama Semiconductor Materials, a 50-50 joint venture between OCI TerraSus and Tokuyama Corporation. Located in Bintulu, the facility will produce ultra-high-purity, semiconductor-
Yim Jong-yong secured another three-year term as chairperson and chief executive of Woori Financial Group, after shareholders approved his reappointment at the company's annual general meeting on Monday. Woori said Yim began his second term the same day following a vote at the morning shareholders meeting. His reappointment had been widely expected after he was named the sole final candidate by the group's executive recommendation committee, with major proxy advisers including ISS and Glass Lewi
Hana Financial Group said Sunday it has signed a four-way agreement with the Federation of Korean Industries, the Korea Youth Counseling & Welfare Institute and the Korean Educational Broadcasting System to launch a social contribution project, “Youth Bridge.” The signing ceremony was held Friday at the FKI Tower in Yeouido, Seoul, with Hana Financial Chairman Ham Young-joo, FKI Chairman Ryu Jin, KYCI Chairman Han Jung-won and EBS President Kim Yu-yeol in attendance. The initiative aims to suppo
Standard Chartered Korea said Friday that senior executives from its parent organization, Standard Chartered, visited Seoul this week to hold a Group Management Team meeting and engage with employees and clients in Korea. The meeting took place from Monday to Wednesday at Standard Chartered Korea’s headquarters in Jongno, central Seoul. The visit included Standard Chartered Group CEO Bill Winters and other senior executives. Standard Chartered said its global leadership regularly holds managemen
Nol Universe, a South Korean travel and entertainment platform operator, said Friday it has signed a memorandum of understanding with Woori Bank and Kona I to launch a prepaid card service tailored for foreign visitors to Korea. The agreement aims to improve financial accessibility and payment convenience for international tourists. The three companies plan to develop the necessary infrastructure ahead of the card’s official launch in April. The prepaid card will be offered through Nol World, No
Viva Republica, operator of the fintech platform Toss, said Thursday it is moving toward a new “Money 3.0” era centered on blockchain and stablecoins, outlining its vision at the 2026 Seoul Blockchain Meetup Conference in Seoul. Speaking at the event held at the Seoul Textile Center, Seo Chang-whoon, corporate development director at Toss, introduced the company’s future financial model under the theme “Trust as infrastructure: a digital economy driven by blockchain and stablecoins.” The present
Toss Bank CEO Lee Eun-mi is set to extend her leadership after the bank’s executive nomination committee recommended her for reappointment. The online-only lender, operated by fintech unicorn Toss, said Tuesday that the committee had completed its review process and selected Lee as the sole candidate for chief executive. Since launching the succession process in January, the committee evaluated candidates capable of sustaining growth while ensuring organizational stability. At its final meeting
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