Viva Republica, operator of Toss, is partnering with Koryo Savings Bank and PFCT to enhance loan screening for mid-to-low credit customers using alternative credit assessment data. The three companies will develop a credit scoring model tailored to Koryo Savings Bank and embed it in PFCT’s real-time lending strategy solution. Koryo Savings Bank plans to introduce Toss Score in phases from the second half of this year and expand its use.

Hana Financial Group said on Tuesday it will strengthen its inclusive finance execution framework by appointing Vice Chairman Lee Seung-yeol (이승열) as chief inclusive finance officer. The group said it executed more than 60 percent of its 3.1 trillion won annual inclusive finance target in the first half and will step up efforts in the second half. Plans cover youth and small business support, debtor protection and financial crime prevention, and expansion of social solidarity finance.