Company
Korean bank holding company (105560.KS) up 2.69% on bargain hunting.
Gwangju Bank and Toss have completed a trial letting customers pay merchants in stablecoins by scanning a QR code, Yonhap reported. Lawmakers review digital-asset legislation in November, and the Korean bank and fintech stablecoin work on record so far consists of tests and study agreements.
Reality
Korea's 10 financial holding groups made a record 17.6 trillion won in the first half, up 13.7%, Financial Supervisory Service data showed. Bad loans rose to 1.03% of lending as reserves fell to 96.5% of them, so each problem loan now has less cover than it did in December.
Perspective Coverage
3 publishersReality
MoonPay is pursuing stablecoin, remittance and payments work with KB Financial, Woori Bank and KakaoBank after opening a Korean entity in September. Its one-vendor pitch faces three other global entrants and four Korean firms, most of them selling banks a single layer of the stack.
Reality
Kakao Pay and KakaoBank signed a non-binding memorandum with Fireblocks for stablecoin infrastructure, the second such agreement Kakao has signed since July, while KB Financial and Toss have already run won-stablecoin pilots.
Perspective Coverage
3 publishersReality
KB Financial Group earned a record 5.843 trillion won last year and sits behind a rival in each of its five main business lines. Its nomination committee has put a division head, Lee Jae-keun, forward as chairman.
Reality
The KOSPI closed up 0.88% on the 21st while the KOSDAQ fell 4.63%. That gap is not risk appetite. It is two chip names promising to hand cash back.
Reality