Search results for WON Dream
Finance
Mid-rate livelihood stability loans spread among non-bank lenders as commercial banks hold back
South Korea\'s Financial Services Commission\'s mid-rate livelihood stability loan, introduced to support living expenses for mid- and low-credit borrowers, is spreading mainly among non-bank lenders. The product was first launched by six savings banks and has since been rolled out by additional savings banks and capital firms. Major commercial banks have not launched it separately and say plans remain undecided, though they have introduced their own mid-rate and inclusive finance products. Regulators are expanding household-loan volume management incentives for mid-rate lending, which could boost supply.
Finance
Mitos puts financial security to the test as network separation easing begins
Single-stock leveraged ETFs and ETNs tied to Samsung Electronics and SK Hynix sharpened semiconductor concentration in South Korea\'s stock market, with first-day turnover topping 10 trillion won. Regulators warned investors about amplified losses. Financial firms also stepped up responses to AI-driven cyber threats as the emergence of high-performance AI \"Mitos\" raised concerns about more sophisticated hacking, prompting authorities to review easing and possible full removal of network separation rules.
Finance
Woori Bank launches \'WON Dream Loan Refinancing\' for high-interest borrowers
Woori Bank said on Tuesday it launched the \'Woori WON Dream Loan Refinancing\' to reduce financial costs for customers using high-interest unsecured loans at Woori Financial Group affiliates. Eligible borrowers include workers earning 35 million won or less a year, freelancers, homemakers and other non-wage earners. The loan limit is up to 20 million won, with rates starting in the mid-4 percent range and capped at under 7 percent.
