Search results for SGI Seoul Guarantee
Finance
Korean banks tighten lending standards ahead of government property measures
South Korea\'s financial sector is raising lending hurdles ahead of a possible government property package as early as next month. Banks are tightening self-imposed rules, including reducing credit loan limits and strengthening management of overdraft facilities, even as decisions on mortgage and jeonse loan curbs remain undecided. Markets are watching possible tighter jeonse loan guarantees and renewed focus on second-tier lenders. Internet-only banks are also cutting limits as demand shifts.
Finance
Fintech hot issue: AI services spread across finance as BNPL market expands
Financial companies including major banks are introducing a growing range of AI-based services, raising questions about whether consumers will see tangible benefits. Shinhan Bank launched an OpenAI GPT-based export document screening service, while KakaoBank and Toss Bank expanded AI offerings. The Export-Import Bank of Korea plans to invest 20 trillion won over five years to support domestic AI firms. Overseas, U.S. BNPL payments hit records during the year-end shopping season, Adobe Analytics data showed.
Finance
Woori Financial to support SGI Seoul Guarantee communication culture with Thank You Token
Woori Financial Group said it has formed a partnership with SGI Seoul Guarantee to introduce and operate its Thank You Token platform. The company-developed communication tool lets members freely exchange messages of thanks, praise and encouragement. SGI Seoul Guarantee will operate the platform under the brand name Gamsa Kong to match its organisational culture direction. Woori Financial said it will support SGI’s early settlement based on its accumulated operating experience.