Hana Bank said on Jan. 29 it will launch a “Haetsal Loan interest cashback” programme to help reduce the financial burden on low-income and vulnerable groups. The programme targets new customers taking out Haetsal Loan special guarantee and general guarantee loans. For 1 year from the loan start date, the bank will convert about 2 percent of the outstanding loan balance into a monthly amount and return it in cash each month.

Shinhan Bank said on Jan. 28 it will write off 269.4 billion won in special bonds for which it waived the statute of limitations, as part of inclusive finance to protect financial consumers and help low-income and vulnerable groups restore normal banking. The move targets debtors with claims under 20 million won and socially vulnerable groups, including basic livelihood recipients, small business owners in crisis, people with disabilities and older people. A total of 3,395 people will benefit.