Search results for Saehuimang Holssi
Finance
Big Tech expands territory beyond payments into financial infrastructure
Fintech and Big Tech firms are expanding financial services beyond payments and transfers into identity verification, offline payments, venture capital and corporate finance. Toss, Kakao Pay and Naver Pay can use a government network to verify resident registration cards, strengthening non-face-to-face checks and fraud prevention. Naver Pay launched Npay Startup with the Financial Supervisory Service. Kakao Pay Securities secured an investment dealing licence. Financial groups are revamping second-half strategies as household lending rises and regulators review IT controls and network separation rules.
Finance
KB Financial to provide 6.9 trillion won in financial support for vulnerable groups and small merchants
KB Financial Group will provide 6.9 trillion won in financial support this year for young people, low-income and vulnerable groups, and small merchants and the self-employed. It will roll out tailored support through its KB National Happiness Hope Project, including 3 trillion won in inclusive finance, 3.5 trillion won in private mid-interest-rate loans and 450 billion won in write-offs of delinquent debt. It also plans additional youth-focused products and microfinance measures.
Finance
KB Kookmin Bank to cut interest burden for Saehuimang Holssi borrowers
KB Kookmin Bank will support principal repayments for customers who switched existing KB Kookmin Bank unsecured loans to Saehuimang Holssi II, as it seeks to reduce financing costs for vulnerable borrowers. The bank said on June 28 it will run the Saehuimang Holssi II financing cost support programme through year-end. Eligible customers who have paid interest faithfully can apply through branches. The bank will support interest burdens above a 7 percent loan rate.
