Search results for Sole proprietors
Finance
Small merchants\' Q1 sales and profit fall; loan delinquencies rise again
South Korean small merchants\' sales and profit both fell in the first quarter from the previous quarter, reflecting seasonal effects after year-end demand faded, Korea Credit Data said. Average sales per store rose from a year earlier but dropped sharply quarter on quarter, while profit and profit margin also declined. Delinquent loan amounts for sole proprietors increased again after falling, with relatively high delinquency shares at savings banks and mutual finance lenders.
Finance
Banks\' delivery apps and budget mobile services emerge as data for inclusive finance credit scoring
Banks\' non-financial businesses such as delivery apps and budget mobile services are drawing attention as infrastructure for alternative credit scoring to support inclusive finance. The push reflects growing demand to assess small merchants, young workers and freelancers who lack sufficient financial transaction history. Shinhan Financial Group, KB Kookmin Bank and others are applying non-financial data such as orders, sales flows and telecom bill payments to broaden lending, while financial authorities discuss reforms to expand alternative credit evaluation.
Fintech
Korea Credit Bureau launches 7-day credit rating certificate for small business corporations
Korea Credit Bureau has launched a short-term credit rating certificate for small business corporations to ease the burden of public procurement bidding. The product, called the “7-day credit rating certificate”, is offered via its Credit Note platform. It has a validity period of 7 days and costs 9,000 won to issue. The company said it is aimed at firms bidding for the first time or bidding once or twice a year.
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Finance
South Korea stocks swing wildly as network separation rules ease
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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
Toss Bank launches \'Check Your Business Income Ranking\' for sole proprietors
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Finance
KakaoBank adds self-employed collateral loan to Naver Pay loan comparison
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Finance
National Participation Growth Fund sells out as financial sector steps up payment ecosystem expansion
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Finance
Korea\'s three internet banks beat Q1 lending targets for mid-to-low credit borrowers
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Finance
KB Kookmin Bank signs deal with Samsung Fire to expand safety management services for SMEs
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Finance
KakaoPay applies KakaoPay Score to KHFC jeonse loan guarantee screening
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Games & Commerce
KOCCA to support AI transition in game production environments with up to 50 million won
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Finance
K Bank sole proprietor loan balance tops 3 trillion won, up 1 trillion won in six months
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Finance
KOSPI nears 8,000 as AI moves into financial front lines
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Finance
Kbank starts national treasury disbursement service, enabling tax refunds to be paid into accounts
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Finance
KB Kookmin Bank to cut interest above 5 percent, expand support for sole proprietors
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Finance
KakaoBank sets mid-to-long-term growth roadmap in motion on record quarterly results
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Finance
K-Bank posts 33.2 billion won Q1 net profit on corporate loan growth