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Finance

KakaoBank enters group loan market with mobile balance-payment mortgage loans

KakaoBank is launching a balance-payment mortgage loan for buyers moving into newly built apartments, expanding its non-face-to-face mortgage business into the group loan market. Customers can handle the entire process on mobile, from checking limits and rates to disbursement. Eligible borrowers are general-sale contract holders at designated complexes. Loan limits are up to 1 billion won under regulations, with maturities up to 40 years and no early repayment fees.

Industry

LG Electronics launches first heat pump pilot at Jeju apartment, proposes gas-free housing model

LG Electronics on Tuesday signed an agreement with Jeju Special Self-Governing Province, Jeju Development Corp and the Korea Institute of Industrial Technology to push a project to electrify cooling and heating in multi-family housing and to run a Power to Heat pilot. The company will install heat pumps at a lived-in apartment complex in Seogwipo, its first such domestic demonstration. The project combines household heat pumps with a central hot-water P2H system and aims to use operating data for wider deployment.

Industry

Samsung Electronics opens dedicated EHS heat pump training center in Suwon

Samsung Electronics said on Sept. 10 it has opened a dedicated EHS heat pump training center at its CS Academy in Suwon, Gyeonggi province, to strengthen training for B2B partners and installation engineers. The company said performance often depends on piping installation and maintenance. The center replicates real-site equipment and includes practice using HASS, an AI-based diagnostic program. Samsung also plans domestic mass production from late September.