Search results for Saehuimang Holssi II
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.
Finance
Korean stocks see record volatility on Middle East risks; AI race accelerates
South Korean stocks are seeing sharp swings as Middle East geopolitical risks broaden, raising the prospect of a prolonged war and pushing up oil prices and uncertainty in global markets. Extreme intraday moves have repeatedly triggered buying and selling sidecars. Financial groups and banks are reshaping governance ahead of annual meetings and stepping up efforts to expand women’s leadership. The industry is also accelerating AI-driven digital transformation across banking, payments and financial content.