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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.

Industry

ASML Korea named top job-creation company for fourth straight year

ASML Korea said on Thursday it was selected as a \"2025 South Korea top job-creation company\". The programme, run by the Labour Ministry, recognises companies that contribute to job creation and improvements in job quality. ASML Korea has been listed for four consecutive years since its first selection in 2022. The company cited double-digit annual growth in new hiring and a range of work, childcare, housing and commuting support measures.

Finance

KakaoBank expands interest support for small merchants nationwide, to supply 1.2 trillion won in guaranteed loans

KakaoBank said it completed agreements to launch interest-support guaranteed loans with regional credit guarantee foundations across South Korea’s 17 cities and provinces, concluding with Gyeonggi and Jeju. The accumulated supply of the loans reached about 1.2 trillion won through the end of July, it said. Small merchants using the product saved an accumulated 23.6 billion won in interest, with an average rate cut of 1.99 percentage points.