South Korea's Jeonbuk Bank Launches Bitcoin-Collateralized Won Loan Service

According to Edaily, Jeonbuk Bank, under South Korea's JB Financial Group, has launched Korea's first digital asset-linked won loan service within the banking sector. Initially available only to corporate clients, the service limits collateral to Bitcoin and restricts loan purposes to working capital, with plans to evaluate an expansion in scope in the future based on regulatory developments and market demand.