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Finance
Korean banks received 2.68 million rate-cut requests in first half, up 77 percent
South Korea\'s banking sector received 2,679,000 requests in the first half of 2026 for loan rate cuts, up 77.0 percent from the previous half, as a mydata-business-based service began. Banks accepted 512,000 cases, up 22.5 percent, but the acceptance rate fell to 19.1 percent from 27.6 percent. Total interest reductions reached 73.43 billion won, up 0.8 percent.
Finance
Banksalad launches interest-rate cut request service linked to credit score improvement
MyData company Banksalad said on Wednesday it will launch an AI-based interest-rate cut request service. If users agree in the app, AI requests a rate cut from a financial firm and notifies users of the result, with any approved lower rate applied immediately. It also analyzes loan data to detect when another cut may be possible and reapplies automatically. The company highlighted automatic use of a credit score improvement feature.
Finance
Toss says pre-registrations for automatic interest rate cut requests top 400,000
Viva Republica, operator of Toss, said on Feb. 26 it has formally opened a related service in line with the Financial Services Commission’s rollout of the MyData-based interest rate cut request program. Toss launched its “automatic interest rate cut request” service on Feb. 5 and began taking pre-registrations. The company said pre-registrations have surpassed 400,000. The service analyzes credit improvement signals and automatically requests rate cuts from financial firms.
