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Finance
Small business credit scores to factor in sales, trading areas; 16 banks to apply 2.2 trillion won
A new credit scoring system for small business loan screening will start operating from late August, evaluating future growth potential using data such as sales, local trading areas, employment and online activity in addition to the owner’s past financial history. The scope will expand from 7 banks and 1.8 trillion won to 16 banks and 2.2 trillion won. Authorities also plan to use the model for a dedicated loan product and future guarantee reviews.
Finance
Shinhan Bank to offer additional SOL Mate time deposit up to 3.5 percent
Shinhan Bank will launch an additional sale of its Shinhan SOL Mate time deposit for customers aged 50 and above, offering an annual interest rate of up to 3.5 percent. The bank decided to conduct a fifth special sale worth 300 billion won after the caps for the first to fourth special sales were fully used. The 12-month product offers a base rate of 3.3 percent, with up to 0.2 percentage points in preferential interest.
Finance
KB Kookmin Bank launches group-buying time deposit with rate rising with sales
KB Kookmin Bank has launched a time deposit whose interest rate rises as total sales increase. The 2026 first-round group-buying time deposit has a 6- or 12-month term and accepts 1 million won to 20 million won. The product will be sold until Aug. 7, with a total sales cap of 2 trillion won. The final rate is set after sales end, based on sales and an event rate condition.
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Finance
Warsh\'s second U.S. FOMC as oil back above $100 revives rate-hike expectations
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Industry
Woori Bank, industry ministry seek 8th cohort for Rising Leaders 300 programme
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Finance
Korea stocks outlook: KOSPI loses momentum as FOMC, chipmakers and Big Tech earnings in focus
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Finance
KOSPI recovers 7,000 as foreigners buy 5 trillion won in four sessions
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Finance
KB Financial Group creates 1.66 trillion won in social value in first half
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Finance
K Bank offers up to 5 percent rate in CodeK time deposit event
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Crypto
Bitcoin quantum discount hits 30 percent for first time; XRP back in profit zone, SHIB whales accumulate
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Finance
Woori Bank to support Taekwang Industries partner firms with loans, succession consulting
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Finance
Bank of Korea raises interest rates for first time in 3-1/2 years, benchmark rate at 2.75 percent
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AI & Enterprise
Jim Cramer says AI rally is not a bubble like the dotcom era
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Telecommunications & Media
Hana Bank launches Hana Step Counter savings with Toss, offers up to 4.5 percent
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Finance
Financial watchdog to revamp bank CEO renewal process, expand National Growth Fund to 200 trillion won
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Crypto
XRP rally could stall at $2.22 sell wall
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Fintech
On2U firms, savings banks linked-investment loans top 500 billion won, expand lending to mid-low credit borrowers
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Crypto
Will a bitcoin bull market start in September? Five things to watch this week