Search results for Saemaeul Geumgo
Finance
Seoul climate commute card 30-day pass ends, financial firms\' race for transit users shifts
Seoul\'s 30-day Climate Companion Card pass will effectively end at the end of this month, shifting competition among financial firms to win public transport users. The city will end operations of the 30-day pass on Oct. 1, while short-term passes continue. Seoul has launched the Climate Companion Pass by adding Seoul-specific benefits to the Everyone\'s Card (K-Pass). Card issuers are focusing on their own perks as policy refunds are the same across participants.
Finance
Saemaeul Geumgo to support 200 billion won in low-interest loans for small merchants
Saemaeul Geumgo will provide about 200 billion won in low-interest loans to ease financial burdens for small merchants and small firms. It said on Aug. 18 it is promoting a local government cooperation financial support programme with local credit guarantee foundations. Saemaeul Geumgo contributes funds to the guarantee foundations, which provide guarantees that underpin the loans, while local governments support loan interest.
Finance
Household loans rise and multi-homeowner curbs set stage for tighter lending rules
Household lending across South Korea’s financial sector rose by 1.4 trillion won in January, reversing a month-earlier decline, while mortgage lending increased by 3 trillion won. President Lee Jae-myung raised fairness concerns over extending loan maturities for multi-homeowners, prompting regulators to launch inspections and form a joint task force. Authorities are also weighing broader application of debt service ratio rules and will announce this year’s household loan management targets after the Lunar New Year holiday.
