South Korea’s financial authorities loosened parts of their household loan management stance by raising this year’s lending growth target to 3 percent from 1.5 percent and planning 47.8 trillion won-plus in housing supply finance support. The move is expected to expand banks’ annual capacity for household loans to around 60 trillion won. Authorities also agreed not to block scraping all at once, opting to phase it down while preparing alternatives such as public MyData.

Shinhan Bank was selected as the No. 1 bank in the 2026 Korea Service Quality Index, marking its 13th consecutive year at the top. The index is a service quality evaluation indicator jointly developed by the Korean Standards Association and Seoul National University’s Management Research Institute and is published annually based on surveys of service quality and customer satisfaction. The bank was highly rated for customer-focused checks and improvements, and for strengthening preventive systems and fraud prevention efforts.