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Fintech

DailyFunding cuts platform fees up to 50 percent for mid to low credit borrowers

DailyFunding said on Tuesday it has expanded its inclusive finance policy to support the economic stability of mid to low credit borrowers. It will cut platform fee rates by up to 50 percent for borrowers whose income has fallen and interest rates have risen during loan extension screening. It will also offer preferential interest rates of up to 1 percentage point for some borrowers with improved credit scores or higher income.

Finance

Joint response team to curb stock rigging finds over 10 unfair trading cases in first-year review

South Korea's Financial Services Commission reviewed the first year of its joint response team aimed at eradicating stock price manipulation. The regulator said the team detected and acted on more than 10 major unfair trading cases, including long-term price rigging and insider trading. Some cases were referred to prosecutors and two were hit with early penalty surcharges. The FSC plans to strengthen investigative powers, broaden forfeiture rules and upgrade AI-based market monitoring.