BOK tested the use of its CBDC system to purchase NFTs, perform cross-border remittances, fulfill seizure orders, and automate AML/CFT monitoring and STR filings.
November 8, 2022FSS investigations have so far involved 82 corporates and 12 banks. The total value of abnormal FX transactions discovered is now $7.2bn.
September 29, 2022Korea’s post offices will start offering deposit, withdrawal, balance inquiry and ATM services of four banks - Kookmin, Shinhan, Woori and KEB Hana.
June 22, 2022KB Asset Management is working towards launching a crypto ETF, a crypto-themed equity fund, and potentially a hybrid fund that includes crypto exposure.
February 24, 2022The five bank holding companies and their subsidiary banks will be required to set aside additional common equity capital of 1% for 2020.
June 28, 2019The financial holding companies say that a bail-in regime could lead to lower credit ratings and higher bank funding costs, based on an implied reduction in government support during a crisis.
November 28, 2018