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🇰🇷 South Korea’s Jeonbuk Bank Launches First BITCOIN-Backed Loans
Jeonbuk Bank began offering Korean won loans to corporate clients using Bitcoin as collateral. The bank does not custody the $BTC itself; a registered third-party custodian holds it. On default, recovery occurs through court-ordered sale under revised rules effective October 1. This is the first such product from a traditional South Korean bank