Jeonbuk Bank, a subsidiary of JB Financial Group, launched on October 12, 2026 South Korea’s first won-denominated loan secured by Bitcoin, targeting corporate clients. The bank does not hold the Bitcoin directly, instead partnering with certified virtual asset service providers that meet ISMS certification and the Virtual Asset User Protection Act standards. Loans must be used for business operations, with Bitcoin being the sole accepted collateral due to its superior liquidity and trading volume. Default recovery follows revised Civil Execution Rules through court-ordered auctions, with collateral valued using weighted averages from multiple exchanges and stress tests.
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