South Korea\'s simple payment companies are expanding where their services can be used by linking existing networks and supplying payment infrastructure to new sectors. Banks and internet-only lenders are also widening mobile lending and alternative credit offerings. Regulators and the government are moving on youth savings, transport fare support and payment security checks. After-hours trading has extended KOSPI and KOSDAQ hours to 8 p.m., while debate continues over digital asset taxation and related infrastructure.

Shinhan Bank will launch its SuperSOL Mid-Rate Loan on Aug. 21, offering a non-face-to-face mid-rate credit loan for mid-to-low credit borrowers. The product targets customers in the bottom 50 percent of NICE or KCB credit scores. Loans are available up to 20 million won per person at fixed annual rates of 5.5 to 6.9 percent, with maturities up to 36 months. Preferential rate discounts of up to 1.4 percentage points apply.