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Finance

iM Bank unveils \'inter-Maum\' inclusive finance brand, vows to boost bank\'s public role

iM Bank on May 11 unveiled its inclusive finance brand, \'inter-Maum\', created using letters from the bank\'s name and meant to link \"between hearts\". The bank plans measures including rate reductions for vulnerable groups, new product launches, debt restructuring and social contribution activities. It will use the brand for related activities, communications, advertising and social contribution. It also plans to provide 7.5 trillion won in financial support over five years.

Finance

KakaoBank expands support for financially distressed youth with \'Project Again, Spring\'

KakaoBank said on Wednesday it signed an agreement with the Social Solidarity Bank and the Credit Recovery Commission to expand support for youth seeking independence amid financial distress through \'Project Again, Spring\'. The project targets people aged 19 to 39 who have difficulty using financial services or are undergoing debt restructuring, aiming to help them restore credit and return to the formal financial system. The Social Solidarity Bank will provide low-interest loans and financial education.

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.