Search results for linked loans
Finance
P2P lenders gain momentum as rules ease; financial CEO appointments gather pace
Korea\'s online investment-linked finance industry is accelerating mid-rate lending to mid-to-low credit borrowers and sole proprietors after regulatory improvements. The Financial Services Commission plans to raise self-funding investment limits and financial-company linked investment caps, and expand limits for general investors. Major financial institutions are also stepping up CEO selection processes, while regulators tighten oversight of bank asset quality, governance and internal controls. Payment and digital-asset businesses widen partnerships and services.
Finance
Online investment-linked finance gains momentum for mid-rate loans, expands base to sole proprietors
Online investment-linked finance platforms have expanded credit loans for mid- to low-credit borrowers through linked investments with savings banks and have now laid the groundwork to lend to sole proprietors after further regulatory changes. The measures raise caps on linked investments by financial firms and allow use of a small merchant credit scoring infrastructure. The Financial Services Commission also plans stronger disclosures and external verification to bolster investor protection.
Finance
Kbank first-half net profit falls; SOHO loans double in a year
Kbank\'s net profit for the first half of this year fell 28.7 percent from a year earlier to 60.1 billion won. Excluding gains from loan receivables sales reflected in last year\'s results, net profit rose 77.3 percent to 33.1 billion won. Second-quarter net profit fell 60.6 percent as non-interest income declined. SOHO lending more than doubled year on year, supporting interest income and improving net interest margin.
