Finance

Hana Bank writes off 134.3 billion won in long-overdue debt, easing burden for 5,738 people

Hana Bank wrote off 134.3 billion won worth of long-overdue debt to support credit recovery and economic restart for financially vulnerable groups. The bank said on Oct. 8 the write-off covered long-overdue claims, including those more than five years after being classified as special claims. The measure applied to 5,738 people and 9,215 accounts, eliminating the entire debt burden including principal and interest.

Finance

KakaoBank sole proprietor loans top 4 trillion won; refinancing product to launch in November

KakaoBank said on Thursday its sole proprietor loan balance had surpassed 4 trillion won, 3 years and 11 months after the product launch. The lender said it expanded its lineup from credit loans to guarantee-backed loans and real estate secured loans, and operates guarantee loans with interest support through agreements with 17 regional credit guarantee foundations. It plans to launch a refinancing product in November and introduce a joint loan with Busan Bank next year.