Search results for Sunshine Loan Youth
Finance
FSC sets 9.24 trillion won budget for 2027, focusing on national growth fund and financial support for low-income people
South Korea\'s Financial Services Commission set its 2027 general-account spending budget at 9.24 trillion won, up 98.7 percent from this year. It said the plan focuses on boosting future growth, stabilising livelihoods for low-income people and supporting youth asset building. It allocated 1 trillion won to a National Growth Fund and set 1.08 trillion won for livelihood-related programmes, including policy lending. It also earmarked 2.09 trillion won for youth asset-building support.
Finance
Shinhan Bank to subsidise guarantee fees for Sunshine Loan Youth
Shinhan Bank will subsidise guarantee fees of up to 100,000 won for its Sunshine Loan Youth product to reduce financing costs for young people. The bank said it has been running the support event since July 15. Eligible borrowers include people aged 19 to 34 with annual income of 35 million won or less, such as job seekers, new employees and young entrepreneurs. The support is paid at the end of the following quarter.
Finance
Woori Financial launches Youth Future Link Loan to expand support for young adults
Woori Financial Group will contribute an additional 100 billion won to the Woori Smile Microfinance Foundation and launch the Youth Future Link Loan for unemployed and newly employed young adults from March 31. It also plans a social contribution programme, Sae Hope Store, to support young entrepreneurs. The group will expand microfinance branches outside Seoul, relocate some to traditional markets and other small business clusters, and strengthen tailored counselling.