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Finance
Financial watchdog to revamp bank CEO renewal process, expand National Growth Fund to 200 trillion won
South Korea\'s Financial Services Commission plans to overhaul financial sector governance, including changes to the process for renewing chief executives to block long-term control built on friendly boards. It also plans to expand the National Growth Fund to 200 trillion won and pursue a full lifting of network separation rules to support productive finance and artificial intelligence transformation. The FSC also outlined steps on inclusive finance, regional policy finance and capital market reforms.
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.
