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Indonesia and South Korea Sign New Local Currency Agreement to Boost Trade
1.9.2024
Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency transaction framework to boost bilateral trade using the rupiah and won. This initiative aims to reduce exchange rate risk and improve transaction efficiency by facilitating...
HBAR Foundation shares how Shinhan Bank and SB Group used the network
12.4.2024
HBAR Foundation has shared insights about how Shinhan Bank and Standard Bank Group leveraged their capabilities to drive the pilots of stablecoin. The Foundation is majorly known for hosting the Hedera Governing Council. The Council’s core functions include network governance, node...
Shinhan Bank and SCB TechX conclude stablecoin remittances on Hedera
19.7.2023
Blockchain technology is gaining traction. Making this evident is the recent incident of Shinhan Bank and SCB TechX successfully completing the stablecoin remittance. The task was achieved on the Hedera Network, which is known for being an open-source public network. Specifically speaking, the task...
Hedera Network Powers Shinhan Bank's Successful Test of Stablecoin Payments
19.7.2023
The South Korean commercial banking giant Shinhan Bank completed an EMV-compatible feasibility test for stablecoin remittance payments on the Hedera network.
According to the press release, the pilot included SCB TechX, Siam Commercial Bank's technology innovation business unit....
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South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
18.7.2023
The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real time in its second stablecoin pilot project
Today in Crypto: Shinhan Bank Tests Stablecoin Payments on Hedera Network, Marathon Shareholders File Lawsuit Against CEO & Top Execs, Cronos Partners with Ubisoft
18.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Shinhan Bank Tests Stablecoin Payments on Hedera Network, Marathon Shareholders File Lawsuit Against CEO...
Korean regulators investigate banks over $6.5B tied to Kimchi premium
16.8.2022
South Korean financial regulators are looking into the massive amount of foreign remittances of cash that came from crypto exchanges
South Korean Banks May Be in Trouble as Regulator Probes Kimchi Premium Bitcoin ‘Irregularities’
4.8.2022
South Korean banks could find themselves in the firing line after the government, media outlets, and regulators stepped up the scrutiny of the banks' role in enabling kimchi premium traders to make fast money when trading volumes rise....
Read More: South Korean Banks May Be in Trouble as Regulator...
Hedera and Korea's Shinhan Bank partner on KRW stablecoin pilot
30.11.2021
A new proof-of-concept will be tested to send fiat-backed stablecoins between banks to reduce fees and transaction times on international payments
South Korean Bank Woori Financial to Offer Crypto Custody Services
13.7.2021
Woori Financial Group, one of the biggest financial conglomerates in South Korea, will offer crypto custody services. The bank will develop a joint venture effort with Coinplug, a blockchain-based developing company. This conglomerate signals the third bank entering the market in the country, after...
South Korean Shinhan Bank joins Klaytn’s blockchain governance council
5.7.2021
Apart from participating in the co-governance process of Klaytn, Shinhan Bank will also be involved in the development of Klaytn-based digital services
South Korea's largest bank joins Hedera Governing Council
14.4.2021
Shinhan Bank plans to use Hedera’s infrastructure to bolster the efficiency of many of its internal processes
South Korean Shinhan Bank pilots digital currency platform with LG CNS
10.3.2021
South Korean commercial bank Shinhan Bank has built a digital won pilot platform in collaboration with LG CNS
Korea’s Shinhan Bank makes strategic investment in crypto custody consortium
11.1.2021
South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit
Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related Services
9.1.2021
A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According...
4 of South Korea’s Largest Banks to Provide Cryptocurrency Services
16.8.2020
Four of the top five South Korean banks have reportedly announced their plans to provide cryptocurrency services. The announcements came ahead of the crypto regulation that will soon go into effect in South Korea. Largest Korean Banks Entering Crypto Space South Korea’s largest banks have...
Shinhan Bank of Korea to Develop Blockchain-based Platform for Loan Management
12.11.2019
According to the latest reports, Shinhan Bank has entered into a collaboration with SEMAS (Small Business Market Promotion Corporation) for building a blockchain-based platform dedicated to loan management. The platform would streamline the verification process for SMEs that apply for institutional...
Samsung-Backed Blockchain Startup Raises $7.5M from Shinhan Bank
22.8.2019
Samsung-backed blockchain startup Blockco raised $7.5 million in a funding round from the likes of Shinhan Bank and KEB Hana
Shinhan Bank Partners with GroundX and Hexlant to Build Blockchain Enhanced Security System
15.8.2019
One of the most established and most significant banks in South Korea, Shinhan has collaborated with two fintech firms to initiate a new security framework utilizing blockchain technology. Recently, Shinhan Bank inked an MOU (Memorandum of Understanding) with fintech firm Ground X and blockchain...
Shinhan Bank Teams With Kakao’s GroundX for Blockchain Security Boost
14.8.2019
One of the oldest and largest banks in South Korea has partnered with two fintech firms to build a new security system using blockchain tech