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Finance
FSC cuts rate requirements for mid-interest loans by up to 1.25 points, expands supply
South Korea’s Financial Services Commission is moving to revamp rules to expand lending to mid-credit borrowers as the economic slowdown increases pressure on vulnerable borrowers. It plans to adjust supply criteria for the policy-backed Saitdol loan, cut insurance rates and expand supply. Support for low-credit borrowers will be strengthened separately through policy microfinance, including a rate cut for Haetsal loans. The FSC also plans to lower rate benchmarks for private mid-interest loans by up to 1.25 percentage points.
Finance
Finda says demand for car-backed loans rises as banks tighten lending
Fintech company Finda said demand for car-backed loans is expanding as bank lending becomes harder to access. As of December 2025, car-backed loan checks accounted for 26.23 percent of approved credit-limit inquiries on the Finda app, and January 2026 set a monthly record for such checks. Finda said contracted amounts and completed contracts have risen since October 2025. It also reported sharp growth in the number of partner products and financial institutions.
Finance
KakaoBank to pursue M&A in payments and capital firms to build growth drivers
KakaoBank said it will pursue inorganic growth and is actively pushing mergers and acquisitions, prioritising payments and capital companies, as it seeks to bolster medium- to long-term growth drivers. CFO Kwon Tae-hoon said a capital firm could open new markets for an internet bank. The bank said its platform-based growth has helped stabilise deposits and non-interest income, and it aims to prepare an M&A deal within the year.
