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Finance

Seoul launches Ansim Account No. 4 at six banks, raises cap to 20 million won

Seoul will launch Ansim Account No. 4 on Sept. 3 to support small business owners and self-employed people, raising the maximum limit per business to 20 million won from 10 million won. The city will supply 300 billion won under the programme from Sept. 3, bringing this year’s total supply to 500 billion won. The product is a revolving credit line with interest charged only on amounts used and tiered limits based on business history, credit scores and reported sales.

Finance

Shinhan Bank extends rate-cut support for high-interest household loans to 9.8 percent

Shinhan Bank will extend for one year its interest-rate cut support to ease financing costs for customers with high-interest household loans. The bank said the program, launched last year as part of its Help-up & Value-up project, will run from Aug. 26. Eligible customers are those with household loans carrying rates above 9.8 percent as of July 2026 and at least three months remaining to maturity. Rates will be lowered to 9.8 percent without application.

Finance

Saemaeul Geumgo to support 200 billion won in low-interest loans for small merchants

Saemaeul Geumgo will provide about 200 billion won in low-interest loans to ease financial burdens for small merchants and small firms. It said on Aug. 18 it is promoting a local government cooperation financial support programme with local credit guarantee foundations. Saemaeul Geumgo contributes funds to the guarantee foundations, which provide guarantees that underpin the loans, while local governments support loan interest.