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Finance

Four major financial groups pledge 2 billion won for South Gyeongsang flood recovery

South Korea\'s four major financial holding groups - KB, Shinhan, Hana and Woori - will each donate 500 million won to support recovery from heavy rain damage in parts of South Gyeongsang province including Geoje and Tongyeong. The groups are also rolling out financial support through affiliates, including emergency living funds, loans for small businesses and SMEs, deferrals of card payments and insurance premiums, and interest rate concessions.

Finance

Hana Bank to offer free \'contract safety rights insurance\' to young lease loan customers

Hana Bank will provide young customers taking out jeonse rental deposit loans with a free rights insurance policy that covers potential fraud during the monthly or jeonse rental contract process. The bank said it will offer the jointly developed policy with Hana Insurance to 10,000 new young loan customers. The insurance covers fraud-related losses up to 300 million won, but excludes simple non-return of deposits after contract end.

Fintech

Hana Financial holds first Money Show as 1,500 register in a day

Hana Financial Group held the first Hana Financial Money Show at its Myeongdong office building, it said. The group-wide wealth management event brought together key affiliates including Hana Bank, Hana Securities, Hana Life and Hana Insurance. Pre-registration via the Hana OneQ app closed early after about 1,500 people signed up on the first day. Major lectures were also livestreamed on the group’s YouTube channel HanaTV.