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Tuesday, 11 August 2026 Reading Room
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Business

Oil erases gain as Pakistan signals optimism on US-Iran deal

Brent for October settlement was little changed at $87.62 a barrel as of 1:07 p.m. in London.

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More in Business

Insurer Sales Face Capital Hurdles

As major insurers including KDB Life Insurance, Lotte Non-Life Insurance, and Yebyeol Non-Life Insurance come to market in quick succession, the financial sector’s calculus surrounding potential…

  • New capital regulations require 50% K-ICS ratio starting next year.
  • Acquisition costs may exceed purchase price, hindering sales.
  • Multiple insurers face core capital deficits exceeding 350 billion won.

·businesskorea.co.kr

Stablecoins Move into Card Payments and Remittances

Global card companies are incorporating stablecoins into their payment and remittance infrastructure in earnest. With instances emerging of companies moving beyond partnerships and demonstrations to…

  • Major financial institutions acquiring stablecoin infrastructure firms directly.
  • Visa's pilot service pays freelancers in stablecoins, partners with Zero Hash.
  • Mastercard completes $1.8B acquisition of BVNK, expanding stablecoin strategy.

·businesskorea.co.kr

POSCO Rebuts Japan’s Anti-Dumping Duties

With POSCO rebutting the preliminary anti-dumping duties imposed by the Japanese government on Korean steel products, attention is being drawn to whether the steel trade conflict between Korea and…

  • POSCO disputes Japan's preliminary anti-dumping duties on Korean steel products.
  • POSCO claims export price of hot-dip galvanized steel to Japan is higher than domestic price.

·businesskorea.co.kr