Shinhan Bank will subsidise guarantee fees of up to 100,000 won for its Sunshine Loan Youth product to reduce financing costs for young people. The bank said it has been running the support event since July 15. Eligible borrowers include people aged 19 to 34 with annual income of 35 million won or less, such as job seekers, new employees and young entrepreneurs. The support is paid at the end of the following quarter.

K Bank said cumulative loans to sole proprietors topped 5 trillion won, reaching 5.19 trillion won as of end-June. Lending rose from 260 billion won in 2022 to 1.84 trillion won last year, with 1.52 trillion won supplied in the first half of this year, about 82 percent of the 2025 total. The bank said the share of guaranteed and secured loans rose to about 45 percent and it plans to expand limits and collateral coverage.