Search results for Savings banks
Finance
PG firms team up to block fraudulent payments, rate hike fallout in focus
South Korea\'s fintech sector is expanding payment infrastructure while strengthening security and user protection. The Financial Supervisory Service and the Korea Fintech Industry Association launched a consultative body with major payment gateway firms to curb suspicious transactions. The Bank of Korea raised its policy rate to 2.75 percent, the first hike in 3.5 years, prompting tighter household lending management. Authorities also plan higher deposits and trading units for single-stock leveraged ETFs.
Fintech
On2U firms, savings banks linked-investment loans top 500 billion won, expand lending to mid-low credit borrowers
Cumulative personal credit loans jointly supplied by online investment-linked finance firms and savings banks have exceeded 500 billion won, with most users classified as mid-to-low credit borrowers and the delinquency rate below 1 percent. The Korea Online Investment-Linked Finance Association put the total at 502.2 billion won as of July 3. It said the average interest rate is 11.95 percent a year and the average borrower credit score is 739.
Finance
Bank household loans rise 7.6 trillion won as mortgage growth accelerates
Household loans across South Korea\'s financial sector rose 8.3 trillion won in June, the Financial Services Commission said on Wednesday. The increase was smaller than the previous month but larger than a year earlier. Mortgage loans rose 4.5 trillion won, with bank mortgage growth widening while second-tier lenders slowed. Bank household loans rose 7.6 trillion won. Other loans increased 3.7 trillion won, with credit loan growth easing.
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Finance
NH NongHyup Financial speeds up AI shift, begins building group governance
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Finance
Financial sector \'digital risks\' rise, putting IT controls to the test
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Finance
No exceptions to accountability as savings banks adopt accountability maps
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Finance
Shinhan Bank launches refinancing loan for savings bank credit loans
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Finance
Banks rush to cut AI token costs amid bill shock
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Finance
Mid-rate livelihood stability loan launched for mid-to-low credit borrowers, up to 10 million won
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Finance
Savings banks raise deposit rates as money moves out, 4 percent products return
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Games & Commerce
FSS to limit flexible savings account openings to three per quarter
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Finance
Small merchants\' Q1 sales and profit fall; loan delinquencies rise again
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Finance
Korean banks tighten lending standards ahead of government property measures
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Finance
Eight Percent pushes mutual finance linked investment to expand mid-rate loans
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Finance
Household loans jump 9.3 trillion won in a month as regulators trigger emergency management
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Finance
KakaoBank supplies 1.2 trillion won in mid to low credit loans using non-financial data
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Finance
Overdue debt collection practices to change after tax breaks on written-off loans
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Finance
Shinhan Financial to write off 500 billion won in delinquent debt, expand inclusive finance to 4.5 trillion won