Filipinos and Korean nationals will be able open bank accounts and access other financial services in the each other's respective markets, using credit records and a API.
The new regulation is targeting digital asset and payment service providers in both cryptocurrencies and stablecoins; draft legislation is expected by the end of 2025.
Tran will look after ESG issues relevant to both corporate and investment banking. He will relocate from Hong Kong to Singapore in the second half of the year.