- Ripple is partnering with Jeonbuk Bank to provide 24/7 cross-border payments.
- Transactions are expected to settle in seconds to minutes, rather than days.
- The service will target businesses including exporters, startups and online creators.
- This is Ripple's third Korean partnership this year.
- Ripple is expanding its presence in South Korea despite weaker local crypto trading activity.
Ripple is expanding its payment infrastructure in South Korea through a new partnership with Jeonbuk Bank, one of the country's regional banks.
The bank will use Ripple Payments to offer customers faster cross-border remittances that operate around the clock.
Ripple says transactions can settle within seconds to minutes, compared with traditional SWIFT transfers that can take several days.
The service will be aimed at businesses such as import-export companies, IT startups and online content creators that regularly need to move money internationally.
For Jeonbuk Bank, the partnership is designed to provide faster international payment services without relying entirely on traditional banking infrastructure.
Ripple expands in South Korea
This is Ripple's third major Korean partnership this year.
In April, the company partnered with Kyobo Life Insurance to enable tokenized government bond transactions through Ripple Custody.
Later that month, KBank announced it was working with Ripple on a proof-of-concept for onchain cross-border transactions.
Ripple's growing presence comes as South Korea continues to develop its digital asset infrastructure, even though local crypto trading activity has weakened significantly.
The country's largest exchanges, Upbit and Bithumb, both reported roughly 50% revenue declines during the first half of 2026 as crypto liquidity and trading volumes fell.
Ripple is therefore focusing on a different part of the market: using blockchain-based infrastructure for real-world financial services and cross-border payments rather than relying on local crypto trading activity.
The company sees regional banks as an important part of that expansion, with the Jeonbuk deal giving Ripple another entry point into South Korea's traditional financial system.
