Ripple Expands in South Korea as Jeonbuk Bank Adopts 24/7 Cross-Border Payments

TLDR

• Jeonbuk Bank is South Korea’s first regional bank to deploy Ripple Payments.
• Ripple Payments enables near real-time, 24/7 cross-border settlement.
• The service targets importers, exporters, startups and online content creators.
• Jeonbuk Bank becomes Ripple’s third major Korean financial partner in 2026.
• Ripple also works with Kyobo Life Insurance and Kbank on digital asset infrastructure.

Ripple has partnered with JB Jeonbuk Bank to deploy Ripple Payments for cross-border business remittances, making Jeonbuk the first regional bank in South Korea to use the service. The partnership gives the bank access to near real-time settlement and 24/7 international payment processing for corporate customers.

Jeonbuk Bank plans to use the system for businesses, including import-export companies, technology startups, and online content creators. Traditional international bank transfers can pass through several intermediary banks and may take days to settle, while Ripple Payments is designed to complete transactions within seconds or minutes.

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