Search results for joint loan
Finance
Post offices and internet banks to step up joint loans to fill regional finance gaps
Post offices and internet banks in South Korea are moving to fill gaps left by shrinking bank branches, expanding access to loans for older people and local small merchants through nearby counters and mobile apps. The Financial Services Commission announced measures including a post office bank agency pilot, joint loans between regional banks and internet banks, and local government-linked mutual aid insurance. The plan also includes preferential loan terms and support to launch joint-loan products by 2027.
Finance
Capital market rules tighten as MyData programme expands
South Korean financial authorities are accelerating efforts to tighten capital market discipline, pledging tougher action against illegal practices aimed at avoiding delisting and pushing for timely exits of so-called zombie firms. Korea Exchange will introduce rules from July to delist penny stocks and raise standards for dealing with weak companies. Regulators also plan to curb duplicate listings and tighten reviews. Some decisions, including Hong Kong ELS fines and Samsung Securities approvals, remain delayed.
Finance
KakaoBank, Busan Bank sign joint SME loan agreement
KakaoBank and Busan Bank signed an agreement to pursue a joint loan business to expand financial support for small and medium-sized enterprises and vitalise the regional economy, they said on April 14. The two lenders held a signing ceremony on April 13 at Busan Bank’s headquarters and agreed to cooperate on launching joint loan products for SMEs and sole proprietors, expanding financial support and developing new financial services.
