Woori Bank has launched a non-face-to-face real estate-backed loan for sole proprietors that can be applied for without visiting a branch. The bank said it expanded the scope of its flagship Woori Sajangnim Loan from unsecured credit loans to secured lending. Applications can be made through the WooriWON Banking Business app, with a loan limit of up to 1 billion won. Eligible borrowers must pledge individually or jointly owned property and meet credit assessment standards.

South Korean financial authorities set a retail investor limit for token-securities over-the-counter trading ahead of the system’s launch in February next year, capping annual net purchases at 10 million won per exchange. The scope of token-securities issuance will expand from fractional investment securities to include conventional securities such as stocks, bonds and funds. Regulators will also broaden licensing categories for OTC venues and spell out registration requirements for issuer account managers and distributed ledgers.