Search results for early repayment fee
Finance
Korean banks received 2.68 million rate-cut requests in first half, up 77 percent
South Korea\'s banking sector received 2,679,000 requests in the first half of 2026 for loan rate cuts, up 77.0 percent from the previous half, as a mydata-business-based service began. Banks accepted 512,000 cases, up 22.5 percent, but the acceptance rate fell to 19.1 percent from 27.6 percent. Total interest reductions reached 73.43 billion won, up 0.8 percent.
Finance
IBK Industrial Bank of Korea launches i-ONE Sunshine Loan special guarantee at 6.0 percent a year
IBK Industrial Bank of Korea will launch a non-face-to-face loan product to improve financial access for low-income and low-credit borrowers. The i-ONE Sunshine Loan special guarantee offers up to 10 million won per person at an annual interest rate of 6.0 percent, with no early repayment fee. Eligible customers are salaried workers employed for at least three months, earning 35 million won or less annually and in the bottom 20 percent of NICE and KCB credit scores.
Industry
SpaceX IPO may benefit Elon Musk but hurt retail investors
SpaceX is pursuing an initial public offering at a valuation of more than $1 trillion, with losses in its AI business, uncertainty over Starship development and about $30 billion in debt emerging as key risks. A filing cited in a report also highlighted financial burdens, related-party transactions and concentrated voting power. The company put its total addressable market at $28.5 trillion, largely tied to AI, while Starlink generated more than $11 billion in revenue last year.
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Finance
Hana Financial activates 3 trillion won inclusive finance roadmap, expands mid-rate loans and debt write-offs
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Finance
Toss Bank joins loan switching program for sole proprietors, launches two refinancing loans
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Finance
Toss Bank launches loan for self-employed professionals in nine licensed fields
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Finance
K Bank launches Sunshine Loan special case product
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Finance
Finda adds all auto-backed loan providers to platform