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Finance

Banks vary in how they use SCB to assess small business loans

South Korean banks have begun piloting Small Business-specialised Credit Evaluation (SCB), which adds business growth potential such as sales, industry and commercial area to traditional credit assessment. Banks are using SCB in different ways, including overriding internal grades to improve approval odds and offering higher loan limits or broader support. A high SCB grade does not guarantee approval if other risk factors exist. Regulators allow use for approvals, limits and rates, while standards vary by bank.

Finance

Saemaul Geumgo expands policy finance supply, provides 217 billion won in first half

Saemaul Geumgo supplied a total of 217 billion won in policy funds in the first half of this year through sunshine loans, local government partnership loans and small business loans. Saemaul Geumgo Central Association said the total was led by local government partnership lending at 163 billion won, followed by sunshine loans of 38 billion won and small business loans of 16 billion won. Product rates were about 2 to 6 percent.

Crypto

U.S. banks face pressure to curb stablecoin returns; a16z says it could backfire

Opposition by U.S. banks to the CLARITY bill could weaken their own position, a16z crypto policy head and general counsel Miles Jennings said. He argued that the GENIUS Act is already in force and has accelerated on-chain dollar movement, with other real-world assets likely to follow regardless of CLARITY. If CLARITY fails, he said, stablecoin deposit yield structures banks oppose would remain. Banking groups have urged stricter bans on interest-like rewards for holding stablecoins.