S. KOREA’S 5 MAJOR BANKS REPORTS RISE IN MORTGAGE LOANS IN MARCH

Highlights –

• S. Korea’s 5 major banks reports rise in mortgage loans in March.
• The combined mortgage loans from the 5 banks were more than 3 trillion won range.
• The banks’ outstanding unsecured loans came to 135.4 trillion...

WOORI BANK AND HANA BANK FINED $30.8 MILLION

Highlights –

• South Korea’s financial regulator fined Woori Bank and Hana Bank
• Six-month ban on selling private equity fund products
• Banks responsible for failure to protect retail investors from risks

Hana Bank...

Blockchain local currency about to be launched in Busan Korea by KT Corp and Hana Bank

An announcement was made yesterday by Korean telco Corp that it got selected as the operating agency for Blockchain-based local currency Dongbaekjeon of Busan city. The official launch of the digital currency will take place at the end of this month with a yearly issue amount of 300bn won which i...