Lee Yeon-woo is a financial journalist at The Korea Times. Her wide range of reporting includes policies, macroeconomics, stock market, companies and even crypto. She is passionate about connecting the dots in Korean finance and making it easier for foreign nationals to understand. Based on her previous experience as a national reporter, she also has a keen interest in social issues within the sector, including gender equality and ESG. Your tips and insights are always appreciated. You can send them to yanu@koreatimes.co.kr.
KB to develop cross-border QR payment system with Cambodian central bank
National Bank of Cambodia Governor Chea Serey, front row left, poses with KB Kookmin Bank CEO Lee Jae-keun, front row right, after signing an MOU for the development and operation of a cross-border QR payment system at the Korea Chamber of Commerce and Industry in Seoul, Friday. Cambodia's Prime Minister Hun Manet, second row second from left, and Trade Minister Ahn Duk-geun, second from right, along with other officials, also attended the event. KB Kookmin Bank announced it will strengthen cooperation with the central bank and contribute to expanding the payment market in both countries. Tourists and workers visiting either country are expected to experience enhanced convenience, as the system will enable payments through a mobile banking platform without the need for further foreign currency exchange. Courtesy of KB Kookmin Bank
By Lee Yeon-woo