Finance
KakaoBank expands interest support for small merchants nationwide, to supply 1.2 trillion won in guaranteed loans
KakaoBank said it completed agreements to launch interest-support guaranteed loans with regional credit guarantee foundations across South Korea’s 17 cities and provinces, concluding with Gyeonggi and Jeju. The accumulated supply of the loans reached about 1.2 trillion won through the end of July, it said. Small merchants using the product saved an accumulated 23.6 billion won in interest, with an average rate cut of 1.99 percentage points.
