Korea interest rate
South Korea to implement KOFR in derivatives market in 2025
South Korea to implement KOFR in derivatives market in 2025
Target share is 10% in 2025, and 50% in 2030.
South Korea’s deposit, loan interest rates rose in May
Average interest rate for new deposits rose 15 basis points from April.
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1. Japan’s SMBC invests in biotechnology fund 2. Hong Kong, China launch Payment Connect for faster cross-border payments 3. HSBC GPB appoints Ann Ling as APAC head of wealth planning and advisory 4. Metrobank names Renato De Borja, Jr. as head of financial & control sector 5. PBCOM appoints new treasury trading team headResource Center
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Fintech solutions must be tailored to keep pace with evolving customer needs – Kearney’s Kevin Kwek
He emphasised that balancing innovation with sustainability is now key to fintech’s growth trajectory.