Finance
South Korea FSC unveils savings bank development plan, allows mid-sized firm loans
South Korea\'s Financial Services Commission on Feb. 23 announced a plan aimed at the sound development of savings banks, allowing them to extend corporate lending beyond small and medium-sized companies to include mid-sized firms with assets of 500 billion won or more. The measures also include changes to loan-to-deposit ratio weights to favor lending outside the capital region, permitting certain large savings banks to handle debit cards and prepaid mobile coupons, and revising prudential and governance rules.
