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Finance

Woori Financial steps up push to become full-service financial group

Woori Financial Group has refined its second-half execution strategy to accelerate its move toward a full-service financial group. It plans to expand its customer base and boost cross-selling among affiliates, while restoring bank profitability, strengthening non-bank competitiveness and widening its AI transition. The group also discussed tighter profitability and soundness management, talent development and stronger AI-based security and consumer protection. It raised its Future Shared Growth Project target to 90 trillion won.

Finance

Hana Bank launches 5.5 percent mid-rate loan for mid-to-low credit borrowers

Hana Bank launched an online-only mid-rate unsecured loan aimed at improving access to finance for mid-to-low credit borrowers. The product applies a fixed annual interest rate of 5.5 percent and offers a maximum limit of 10 million won, targeting customers in the bottom 50 percent of personal credit scores. Hana Bank plans to supply 2 trillion won of the loans and said the design helps borrowers plan repayments without rate volatility.