Latest News for: woori bank

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7-Eleven Begins Accepting Bank of Korea’s Digital Currency in CBDC Trial

CoinDesk 02 Apr 2025
Customers with accounts at one of seven partner banks — including Kookmin, Shinhan and Woori — can pay for items at checkout by scanning a QR code from their digital wallet, similar to how many use ...
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Here’s why 7-Eleven in South Korea is now accepting CBDC payments

Invezz 02 Apr 2025
The Hangang Project is South Korea’s pilot test for its central bank digital currency ... Seven major banks, including KB, Shinhan, Hana, Woori, NongHyup, IBK, and Busan, are taking part in the test.
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South Korea’s 7-Eleven to accept CBDC payments

Cryptopolitan 02 Apr 2025
South Korea’s 7-Eleven shops will be taking part in the test phase of the Bank of Korea’s digital currency (CBDC) project ... Some of the banks taking part in the CBDC tests are KB, Koomin, Shinhan, Hana, Woori, NongHyup, IBK, and Busan.
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Woori Bank to help foreigners find jobs in Korea

Korea Times 31 Mar 2025
Woori Bank has signed a business agreement with JobKorea, the country’s leading job search platform, to provide a job matching service and enhance employment support for foreign residents in Korea, the bank said Wednesday.
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Banks expand services for foreign residents in Korea as their population grows

Korea Times 31 Mar 2025
Woori Bank to help foreigners find jobs in KoreaSeoul to launch web publications, newsletters for foreign residents6 banks to allow services with mobile foreigner registration cards. Woori Bank is ...
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Will Korean currency weaken to 1,500 won against US dollar?

Korea Times 30 Mar 2025
A dealer works on the trading floor of Hana Bank in Seoul, Friday ... Similarly, Woori Bank researcher Park Hyung-jung said the figure would remain at around 1,400 won, if the political uncertainty is resolved through Yoon’s impeachment.
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[INTERVIEW] Korea's digital assets integrated into regulated financial markets: crypto expert

Korea Times 29 Mar 2025
Platforms such as Busan Digital Asset Custody Service provide institutional-grade solutions for managing tokenized assets, while Woori Bank is actively working on security token offerings.
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Banks expand services for foreign residents as Korea's foreign population grows

Korea Times 28 Mar 2025
Woori Bank to help foreigners find jobs in KoreaSeoul to launch web publications, newsletters for foreign residents6 banks to allow services with mobile foreigner registration cards. Woori Bank is ...
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Banks target conscripts in search for new customers

Korea Times 26 Mar 2025
All four banking arms of the country’s financial groups — KB, Shinhan, Hana and Woori — plus the state-run Industrial Bank of Korea (IBK) plan to join a bid in late April that selects debit card issuers for military draftees.
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Banks rush to introduce collaborative accounts with popular companies

Korea Times 25 Mar 2025
Both Shinhan Bank and Woori Bank are working with Naver Pay, the mobile payment arm of internet giant Naver, to develop financial benefits ... Woori Bank also plans to launch an account in partnership with CJ Pay, the mobile payment unit of CJ Group.
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Financial watchdog to get tougher on loose internal control

Korea Times 25 Mar 2025
The Financial Supervisory Service (FSS) said Industrial Bank of Korea had extended ... The FSS said earlier Woori Bank, KB and NH Nonghyup had extended inappropriate loans worth a combined 387 billion won.
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Less than 1% of foreign residents use mobile ID cards two months after launch

Korea Times 25 Mar 2025
Gov’t expects surge in users as more banks accept mobile ID for online transactions ... Other major banks, including Woori, KB and the Industrial Bank of Korea, are expected to follow suit in the coming months.
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Woori Financial chair orders junior employees to monitor, report misconduct

Korea Times 21 Mar 2025
Prosecution raids Woori Financial, its bank subsidiary over poorly granted loansWoori ... Late last month, Woori Bank launched a fraud detection system as part of its corruption prevention measures.
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6 banks to allow services with mobile foreigner registration cards

Korea Times 20 Mar 2025
Other banks, such as Woori Bank, NH NongHyup Bank, KB Kookmin Bank and the Industrial Bank of Korea, are also set to allow account openings and other services with such digital ID cards within the first half of the year.
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Retail expert committed to hiring disabled people

Korea Times 18 Mar 2025
Han thanks Woori Financial for sponsoring Goodwill Store to open more branches ... Han also thanked Woori Financial Group for its plan to set up a donation box at every Woori Bank branch ... bank customers.
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