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Finance

Naver Pay to provide 7.5 billion won special guarantee for Jeju small merchants

Naver Pay will contribute 600 million won jointly with Jeju Bank to provide a total of 7.5 billion won in special credit guarantees for small merchants in Jeju, it said. Each business can receive up to 50 million won in guarantees, with non-financial support such as distributing offline payment terminals and providing digital education. The programme will link with Jeju’s interest subsidy scheme and expand fee refund support for on-site payments through year-end.

Finance

Financial sector audit clashes over hacking, ETFs as digital asset rules near final stage

South Korea’s parliamentary audit of the Financial Services Commission focused on a string of hacking incidents, single-stock leveraged ETFs and the effectiveness of property loan curbs. Lawmakers raised concerns over inconsistent inspection periods and limited log reviews, while calls grew to ease network separation rules to counter AI-driven threats. Regulators also discussed stablecoin legislation, cross-border tracking of digital asset transfers and preparations for tokenised securities rules, alongside broader fintech and banking industry developments.

Finance

Hana Bank to provide 68.75 billion won in guaranteed loans to Seoul alley businesses with Naver Pay, Seoul Credit Guarantee Foundation

Hana Bank will supply a total of 68.75 billion won in guaranteed loans to small merchants and small and medium-sized firms in Seoul, working with Naver Pay, Naver and the Seoul Credit Guarantee Foundation. Under the agreement, Hana Bank will contribute 5.0 billion won and Naver and Naver Pay 500 million won to the foundation, which will provide credit guarantees. Hana Bank will extend loans based on the guarantees.