Shinhan Bank has begun a loan support programme aimed at helping small and medium-sized companies introduce retirement pensions. The initiative, developed with the Ministry of Employment and Labor and the Korea Credit Guarantee Fund, provides credit-guaranteed working capital of up to 500 million won per company and offers reduced guarantee fees for three years. Shinhan Bank said it expects the scheme to ease financial pressure on SMEs and support wider adoption of retirement pension systems.

Woori Bank introduced its WonderLife pension account for pension-transfer customers. The account provides a maximum interest rate of 3.1 percent, combining a 0.1 percent base rate with preferential rates for pension transfer activity and new customers without recent transfer records. The bank includes public pensions, veterans’ pensions, basic pensions and pension-related products in the performance criteria. Pension-transfer customers receive unlimited fee exemptions, and subscriptions are available at bank branches and through the Woori WON Banking app.