Finance
KakaoBank to offer \'3-no\' overdraft loans for Busan small merchants
KakaoBank said on Thursday it launched a \'3-no overdraft account\' with the Busan Credit Guarantee Foundation to support small merchants in Busan. The non-face-to-face guaranteed loan is part of Busan city\'s \'3-no Hope Link Card special guarantee\' programme. KakaoBank plans to support loans totalling 200 billion won for about 40,000 small merchants. Eligible borrowers are Busan-based sole proprietors meeting specified credit score and sales requirements, with a 5 million won cap per business.
