TL;DR
- Woori Bank displays a live Bitcoin price feed on its main trading floor.
- Hana Financial Group partners with Upbit operator Dunamu for blockchain tools.
- Korean regulators propose a stablecoin model led by traditional banks.
Woori Bank places Bitcoin pricing on its main trading floor in Seoul, where operators follow currency pairs, bond quotes, and derivatives data. A direct Bitcoin feed enters the room as traders measure liquidity patterns across markets.
Executives outline clear intentions. Senior leadership, including CEO Jung Jin-wan, highlights growing links between payments and digital assets. Although the institution avoids formal exchange agreements for now, internal teams prepare groundwork for deeper participation.
Hana Financial Group accelerates adoption by forming a partnership with Dunamu, operator of Upbit. Regulators review a plan for a won-based stablecoin, issued only by bank-led consortia with majority control held by lenders.
A rulebook of that nature positions major institutions, including Woori Bank, as future pillars of domestic stablecoin markets.
South Korean Institutions Expand Crypto Asset Infrastructure
Retail investors amplify crypto exposure during the recent Chuseok holiday week, when markets in South Korea remain closed. From October 3 to 9, buyers allocate 1.24 billion dollars toward U.S. tech names and crypto-linked products.
Traders seek momentum generated in New York and attempt to take advantage of strong flows into leveraged ETFs and high-growth equities.
New rules expand travel-rule coverage to amounts below one million won, roughly 680 dollars. Users can no longer avoid identification procedures by splitting transfers into smaller units, since all transfers now require verified identities under updated standards.
