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Finance

BNK Financial launches \'BNK project\' to boost Busan-Ulsan-South Gyeongsang economy

BNK Financial Group plans to expand financial support for local companies and ordinary people in Busan, Ulsan and South Gyeongsang Province. It will strengthen productive and inclusive finance centred on planned business support and inclusive finance complex support centres to help the regional economy recover. The group said it is pushing ahead with a project tied to local government policies, wider cooperation with regional strategic industries and the discovery of related tasks.

Fintech

DailyFunding cuts platform fees up to 50 percent for mid to low credit borrowers

DailyFunding said on Tuesday it has expanded its inclusive finance policy to support the economic stability of mid to low credit borrowers. It will cut platform fee rates by up to 50 percent for borrowers whose income has fallen and interest rates have risen during loan extension screening. It will also offer preferential interest rates of up to 1 percentage point for some borrowers with improved credit scores or higher income.

Finance

Woori Financial Group to pursue 7 trillion won productive investment from startup scouting to IPO

Woori Financial Group is accelerating support for the growth of innovative companies based on a 7 trillion won productive investment plan. It aims to build a linked support system spanning startup discovery, early and follow-on investment, scale-up and initial public offerings to meet funding needs by growth stage. Woori Financial is pursuing a project to provide 90 trillion won in productive and inclusive finance over five years and is detailing the 7 trillion won investment plan.