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Finance
Naver Pay opens credit loan refinancing service for sole proprietors
Naver Pay said on Tuesday it has opened a credit loan refinancing service for sole proprietors. The service automatically retrieves business type and income information from the National Tax Service via the Naver Certificate, without separate input, and can also check existing loan details through the Korea Financial Telecommunications and Clearings Institute system. After users make a final selection on Npay, subsequent procedures are handled by the relevant financial company.
Finance
Korea\'s three internet-only banks extend CEO terms, face test of growth limits
The heads of South Korea’s three internet-only banks are set to win new terms, with K Bank and Toss Bank naming sole CEO candidates and KakaoBank already reappointing its chief for a fifth term. The banks cite achievements including an IPO, profitability gains and platform expansion. They now face a tougher environment as regulators push higher lending to mid- to low-credit borrowers and as delinquency metrics run about double those of the four major banks.
Finance
Regional financial holding firms post record results, eye non-bank growth battle in 2026
Three regional financial holding firms - BNK, JB and iM - posted record annual results last year, with combined net profit rising 21.5 percent to 1.97 trillion won. BNK remained the largest by profit, while JB’s capital unit and an overseas bank boosted non-bank earnings. iM logged the sharpest rebound as its securities unit returned to profit. All three are focusing this year on strengthening non-bank businesses.