Search results for SCB
Finance
Hana Financial activates 3 trillion won inclusive finance roadmap, expands mid-rate loans and debt write-offs
Hana Financial Group is rolling out an inclusive finance roadmap that includes early execution of a total 3 trillion won in 2026. It plans to expand mid-rate loans, write off overdue debt and introduce insurance to prevent rental fraud targeting young people. Hana Bank will launch a non-face-to-face mid-rate loan product and a new loan for small merchants. The group also plans to improve alternative credit scoring and provide support through affiliates.
Finance
Jeju Bank joins pilot AI-based credit scoring model for small merchants
Jeju Bank said on April 14 it will take part in a Financial Services Commission pilot programme for an AI-based credit scoring model tailored to small merchants. It said it is the only regional bank among seven participating lenders. The commission plans to complete rule changes and system development by August and begin SCB-based loan screening with pilot operators, with plans to expand participation across the financial sector.
Finance
Banks to pilot small business tailored credit rating model from August
Major South Korean banks will begin a pilot run from August of a small business tailored credit rating model, in line with the Financial Services Commission\'s credit evaluation system overhaul. Banks plan to apply SCB grades to loan reviews to offer benefits such as preferential rates and higher limits. The model is designed to move beyond collateral and past credit history by factoring in non-financial data such as sales, industry and growth potential.
