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Finance

Shinhan Bank cuts mid-rate loan interest for mid-low credit borrowers by 0.3 percentage point, keeps 6.9 percent cap

Shinhan Bank cut interest rates on private mid-rate loans for mid-to-low credit borrowers by an additional 0.3 percentage point. The bank is keeping the existing cap of 6.9 percent a year, meaning the benefit may vary by customer depending on each borrower’s calculated rate. The change applies to customers in the bottom 50 percent of NICE or KCB credit scores and to certain unsecured loan products, including non-face-to-face loans.

Finance

Simple payments expand acceptance as night stock trading ramps up

South Korea\'s simple payment companies are expanding where their services can be used by linking existing networks and supplying payment infrastructure to new sectors. Banks and internet-only lenders are also widening mobile lending and alternative credit offerings. Regulators and the government are moving on youth savings, transport fare support and payment security checks. After-hours trading has extended KOSPI and KOSDAQ hours to 8 p.m., while debate continues over digital asset taxation and related infrastructure.

AI & Enterprise

SKT holds \'Grandata Public Day\', introduces public AI and data use cases

SK Telecom said it held the \'Grandata Public Day 2026\' seminar on Sept. 18 at its SKT Tower in central Seoul to introduce AI and big data use cases in the public sector. The event shared practical techniques to upgrade internal work and improve public services, with about 250 public-sector participants. Sessions covered smart administration, data portal examples, no-code and vibe coding, and the use of pseudonymised information and AI-based synthetic data.